May 15 COVID-19 Latin America Impact Report
May 15 COVID-19 Latin America Impact Report
The hydrocarbon market in Latin America continues to retract due to the crude and natural gas demand crisis. In the third month after the fall of international crude oil prices, expectations of a rapid market recovery are decreasing. The lifting of quarantine restrictions has increased the internal market demand in several countries, but not enough to allow oil companies to revive their economies this year.
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