To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.

Crude oil production from the major US onshore regions is forecast to decrease 197,000 b/d month-over-month in May from 8,019 to 7,822 thousand barrels/day, gas production to decrease 779 million cubic feet/day from 82,249 to 81,470 million cubic feet/day .

U.S. dry natural gas production set a record in 2019, averaging 92.2 Bcf/d. EIA forecasts dry natural gas production will average 89.8 Bcf/d in 2020, with monthly production falling from an estimated 93.1 Bcf/d in April to 85.4 Bcf/d in December.

U.S. total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index

India's coal production would rise to 700 Mt in the current fiscal year (April 2020-March 2021)

OPEC+ producers agreed to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period,

If nothing else changes (unlikely), tight oil production will decline to a level of about 6 million bo/d

Russia is advocating a shift in the OPEC+ strategy once global crude oil recovers

In 2019 energy production exceeded energy consumption in the United States on an annual basis,

«Большинство эксперт­ов сходятся в том что на сегодня мы находимся на пике снижения спрос­а на нефть. Во втором полугодии, думаю, экономика начнет восстанавливат­ься и спрос будет ра­сти»,