Unprecedented lockdowns all over the world have surely impacted every sector of all economies. Countries responsible for over sixty - one percent of crude oil supply became a stagnant industry. However, the uplifting of lockdowns also saw an increase in demand. India saw the biggest increase in the months of May and June 2020 after a partial lift of the lockdown. Today, businesses affected by Covid - 19 are strategically building long term goals to meet any crisis in the future. Policy interventions, restructuring of financial assets, optimizing costs and reviewing contracts in the O and G industry are top priorities.
