Big Oil faces new reality where ‘everything has changed’

FINANCIAL TIMES 🔒| Gordon Ballard, head of the International Association of Oil & Gas Producers, has seen many downturns in his 38-year career. But they were all followed by recoveries. This time, he fears, things may be different.  “In the past, activity decreased then picked up again — each time, we saw it come back,” he said. “Now it’s not entirely clear if things just come back as normal. Everything has changed.”

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