It is not an exaggeration to say that 2020 has been an eventful year for the oil and gas industry.
West Texas Intermediate (WTI) oil prices stood at around $60 per barrel in the beginning of 2020 but pressures on demand and supply sides made the price lower than $20 when covid-19 reached Western world and stay-at-home orders were imposed.
WTI futures contracts even entered negative territory in April which made for memorable headlines, though this was due to a technicality related to physical delivery settlement of the contracts.
Since June, the price has somewhat stabilised and has been moving…
