Impact on the US Oil Industry due to COVID-19 Pandemic Trends, Size, Competitive Analysis and Forecast - 2019-2025

1. Orion Market Research Impact on the US Oil Industry due to COVID-19 Pandemic: Growth, Size, Share and Forecast 2019-2025 Request a Free Report on Sample of Impact on the US Oil Industry due to COVID-19 Pandemic at @ https://www.omrglobal.com/request-sample/us-oil-industry-market ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780304040

2. The oil industry involves different operations related to the exploration, production, refining, and transportation, and marketing of petroleum and crude products. The US oil industry is considerably dependent on the oil production coupled with the growth in the transportation sector and increasing energy demand. As a result, the US economy continuously invests in petroleum-based products. Significant growth in the aviation sector was getting witnessed in the US before the COVID-19 pandemic. A full report description of Impact on the US Oil Industry due to COVID-19 Pandemic at https://www.omrglobal.com/industry-reports/us-oil-industry-market However, due to the outbreak of COVID-19, a huge downfall in demand for petroleum products has been witnessed globally as well as in the US which results in a downfall in oil prices. Moreover, disagreement between Russia and OPEC countries related to the daily crude oil production had also resulted in a downfall in prices near to $30 per barrel. The oil industry is significantly affected due to the closedown of the aviation sector. After the outbreak of COVID-19 in the US, the country bans passengers from most of the affected countries of Asia-Pacific and Europe, which results in the cancellation of a huge number of flights. After 10 March 2020, exponential growth in the cases of COVID-19 was witnessed in the country which results in a lockdown of many states and there are also chances of the lockdown of the whole country. Apart from the aviation industry, the demand for oil in other transportation services such as buses, cars, has also been decreased due to this coronavirus outbreak. As to avoid the social gathering the workforce is being allotted to do work from home and are being reinforced with the travel restrictions. Request a Free Report on Sample of Impact on the US Oil Industry due to COVID-19 Pandemic at @ https://www.omrglobal.com/request-sample/us-oil-industry-market Global Maritime Transport Industry Segmentation By Drilling Method Onshore Offshore Companies Profile Anadarko Petroleum Corp. Chevron Corp. ConocoPhillips Co. Devon Energy Corp. EOG Resources, Inc. Hess Corp. Marathon Oil Corp. Occidental Petroleum Corp. Pioneer Natural Resources Corp.

3. ExxonMobil Corp. Valero Energy Corp. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/us-oil-industry-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other researchbased services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. AnuragTiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780-304-0404