25 Mar 2020
Green shoots in the oil and gas market predicted at the start of 2020 have fallen by the wayside. It was meant to be the year when the industry, particularly in Europe, got serious about ESG credentials and planning for a carbon free future. The oil market has suffered a double blow: the escalating impact on demand from COVID-19, and the promise of a supply side ramp up from Saudi Arabia (following disagreement on a supply cut with Russia, on 8 March).