The global health crisis caused by the COVID-19 pandemic has required extraordinary measures across the world and led to unprecedented disruption in global oil markets. This policy brief gives an overview of the oil market price crash, the subsequent response by companies and how COVID-19 has impacted the outlook for oil and gas markets. It also provides a summary of the oil and gas sector in Commonwealth countries to highlight the member states that will be most affected by the current crisis. It ends with an overview of key issues for the oil and gas sector going forward and discusses the implications for Commonwealth countries.
The paper is available at the link below.
