If we look at countries as a kind of business structure, the year 2020 has become a litmus test, exposing all the problems of oil and gas producing countries. The new-fangled trend of anti-fragility suggests that logically we should become stronger and tougher in these difficult times. During OPEC’s latest meeting on December 3rd, an agreement was reached to increase oil production by 0.5 million bpd instead of the planned 2 million bpd. Also at this meeting for the third time in a row, the cartel worsened the forecast of global oil demand.
Oil & Gas