At present,the number of confirmed cases of Coronavirus Disease 2019(COVID-19)is growing rapidly worldwide,and the numbers of confirmed cases in the United States,Europe and the Middle East are showing a trend of rapid growth.As concerns grow over the continued spread of COVID-19 in the world,investors are becoming increasingly pessimistic about the development of the global economy,which has led to the rapid decline of the international capital market,including stock markets and futures.International crude oil futures prices have fallen sharply for several consecutive trading days,with a rock-bottom price of less than USD 50 per barrel,breaking the extremely fragile balance maintained by the international crude oil market in an environment where OPEC+continues to reduce production.Against this background,oil and gas enterprises are likely to once again face the test of low oil prices.They should take precautions.On the premise of actively responding to the current epidemic situation,they should plan and arrange measures for dealing with the low oil prices in advance,and transform their high-quality development capability into a survival and development capability in a low oil price environment.
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