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Oil Industry Crisis

Oil and gas markets: Living with COVID-19

The oil emergency of earlier this year is over, but repercussions of COVID-19 continue to shape oil and gas markets. Oil demand increased at a record pace from April to August, but demand still remains well below pre-COVID levels. The recovery is fragile and will be buffeted by shifting expectations and news until COVID-19 is contained and effective vaccines are available. IHS Markit keeps clients ahead of the curve by understanding what is happening today and how it could evolve in the months and years ahead. Trillions of dollars of investment and spending are at stake.

  • Will demand reach and exceed pre-COVID levels?
  • How is investment impacted by the uncertainties unleashed by the global pandemic?
  • Are demand patterns and trends definitively altered by changes in behavior and policy?


To manage this difficult time of oil market uncertainty and analyze the implications for your business, IHS Markit has identified solutions critical for different sectors. Find out how we can help you.

Focus AreaKey solutions addressing the oil markets crisis
Oil, Downstream, Refining
Gas, LNG
OPIS Pricing

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