Energy companies are going through a ‘once-in-a-century” crisis. Global energy demands have plummeted owing to lockdowns imposed in several countries and restriction in transportation such as road and air travel. According to the recently published International Energy Agency (IEA) report, countries in full lockdown are seeing an average decline of 25 per cent in energy demand per week, while in those with a partial lockdown, the fall in energy demand is about 18 per cent per week. Oil giants announced billions of dollars in spending cuts as they look to provide a buffer for themselves against ongoing oil market turmoil.
In the face of such market turmoil, Groundwork Intel can help companies in the sector gain an edge by equipping them with timely, actionable business intelligence solutions.