The crude oil and natural gas (O&G) industry is not new to supply disruptions and price volatility. Over the past seven years, the industry has seen several peaks and troughs, from above $100 per barrel in 2014 to -$37 per barrel in 2020. But the situation is unique today, and of particular interest to private O&G companies, including exploration, development and production companies (E&Ps).
A confluence of several economic, geopolitical, trade, policy and financial factors have exacerbated the…
