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October 22, 2020
Three oil and gas M&A markets emerge from the COVID-19 crisis
The initial shockwaves of the COVID-19 crisis have come and gone. After a phase when demand collapsed and it seemed as if the production discipline that had propped up the market since the last downturn was gone forever, countries and companies have moved quickly and decisively to cut output. Prices stabilized at levels that are tolerable, but not sustainable. As oil and gas companies navigate the current market situation, they face pressure to consider consolidation and maintain capital discipline. An EY article provides details.