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The rise in remote work has led to a drop in demand, not to mention the small matter of a price war between Russia and SaudiArabia. Despite the persistance of some strong fundamentals , 2020 may signal the true turning point in the shift to renewable sources for energy companies. Managing energy security risk.
The genesis for this scenario lay in a confluence of events, including the coronavirus lockdown, which had drastically reduced demand, and the conflict over production levels between SaudiArabia and Russia, which led to both countries flooding the market with low-cost oil.
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