As the extent to which the spread of COVID-19 and the global oil price war disrupt global economic activity becomes clearer, what will be longstanding impacts are starting to form. As a global sell-out continues, a storage glut builds, and long term price outlooks weaken, new political pressures are starting to emerge related to oil and gas production, supply, economic recovery, and greenhouse gas emissions. Discussions of a reformed OPEC, curtailed production, and an industry restructuring are dominating as the effects of a pandemic and price war take hold on the global political economy. This discussion will focus on those topics and their implications for the downstream, midstream, and power & utilities sectors and what companies are doing to weather the storm.
The KPMG Global Energy Institute, in conjunction with Eurasia Group, is pleased to invite you to join our third discussion on the compounding impacts of COVID-19 and an ongoing global price war on the energy industry.