Latest update: 21 April

France has the highest percentage of people who have received both full vaccinations and a booster dose, with 94% of people covered by both, among the EU and US. 

Bulgaria has among the lowest rates of vaccinated people, with 28.7% of its population being fully vaccinated, and has the second-highest death rate per million people of countries studied, with 157.5. 

46.6 million 

46.6 million new cases were reported worldwide in the 29 days to 28 March


France leads the world in total confirmed cases per million people, exceeding 350,000 by the end of March 

Covid recovery in the Americas


Latest update: 4 March


In the short-term, companies are expected to review asset portfolios and reassess capital allocation based on prevalent pricing and demand. In the future, they are likely to restructure with focus shifting to cleaner options, such as gas, light oil and renewables. 


A reduction in opex is expected in the short-term, followed by a re-evaluation of new and active projects and a possible consolidation in the industry. Following this, there is likely to be a review of supply chain infrastructure for oil and gas and a reassessment of risk clauses for supplier and contractors. 


In the near-term, there could be a consolidation in the industry, followed by refineries assessing margins and configurations in light of crude oil abundance. In the long-term, a focus on large integrated refineries to continue and the demand for cleaner fuel will increase further.


Opex reduction and a re-evaluation of new projects are expected in the immediate future. Beyond this, there is likely to be no perceptible impact on demand, as focus is expected to shift to large integrated complexes for better profitability.


Immediately, project backlogs are set to be handled, but margins are expected to be placed under stress. In the long-term, a consolidation of the equipment services sector is expected, alongside a diversification of sector, geography and service.

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