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Why partnerships are vital for success in the oil and gas industry in 2021

From born2invest.com

The coronavirus pandemic negatively affected nearly every industry, but perhaps none more so than oil and gas. In April 2020, global oil demand dropped by 25%, and prices reached 30-year lows. Though the industry has since rebounded, oil demand is predicted to remain lower than pre-COVID-19 levels this year. And with the Biden administration planning to enact stricter policies on oil and gas companies, 2021 is sure to be similarly challenging to 2020. Success in the oil and gas industry will depend on building partnerships more than anything else. Strong relationships — between customers, other companies, industry ... (full story)

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  • Category: Fundamental Analysis