October 21, 2020
2020-6367

Three steps for managing liquidity in an uncertain oil and gas market

Oil and gas companies are reeling from an unprecedented one-two punch with significant long-term implications — first, structural oversupply that has hung over the market since the 2014 downturn; and second, the spread of COVID-19 and the global economic shutdown that dramatically reduced demand and crushed prices again. Taken together, those two challenges present the industry with a test of its capacity to manage cash that will require strong, impactful leadership and focused effort. An EY article provides details.

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