Page 8 - Ile Epo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Solomon Asowata The year 2020 has undoubtedly been one of the most difficult years for the oil and gas industry globally in the last few decades. It saw the Coronavirus pandemic grip nations across the globe, necessitating countries and states to lock down their borders for some time, thereby preventing movement of persons, goods and services for months unless under special circumstances. This restriction of movement affected many sectors of the economy, but one of the worst hit was the oil and gas industry which fuels mobility of mankind and businesses across the globe. With a sharp drop in air and land movement, the demand for Jet A1 (Aviation fuel) , Diesel and Premium Motor Spirit (PMS) also known as petrol declined drastically.

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