May 19, 2020
Fossil Fuels | Oil Visual Primer Series
EnerKnol’s Visual Primer – State Regulators Seek to Address Oil Glut as Producers Confront Demand Collapse
Plunging oil consumption due to COVID-19 lockdowns has sent demand for oil storage surging, pushing state regulators to address the oversupply.
Oil and gas regulators across U.S. states are weighing measures to address the sudden oversupply of oil under the effects of the COVID-19 pandemic that has resulted in an unprecedented drop in demand for oil.