Associations representing the industry say they have so far avoided drastic cost-cutting measures like layoffs and expect sector to recoverHarbertThe oil and gas industry has taken a beating like few other economic sectors during the COVID-19 pandemic, but trade groups say they are holding out even as their members face an uncertain future.The pandemic created a sharp decline in demand for oil as travel and business activity slowed significantly, according to the International Energy Agency. That effect was compounded by Saudi Arabia and Russia launching a price war in March by flooding markets with oil, lowering prices even further. The result has been devastating for… Read More