February 23, 2021
How energy companies can approach strategy to thrive amid change
COVID-19 lockdowns, a collapse in industrial activity and global travel bans caused a substantial decrease in demand for natural resources. Oil prices crashed to the lowest levels since 2001, while gas demand has fallen by as much as 20%. The regional power markets are also increasingly at risk of a prolonged decline in demand. To continue to survive these times of uncertainty triggered by the pandemic, energy companies will need to adjust their long-term strategies. An EY article provides details.