Like other workboat sectors, the offshore service vessel industry is being affected by the coronavirus pandemic. At the same time, the offshore industry is getting hit with a double whammy — plunging oil prices. The price of West Texas Intermediate, the U.S. benchmark crude oil, hit its lowest level since 2004 on Wednesday.
WTI crude closed at $22.59 on Friday.
Matthew Rigdon of Jackson Offshore Operators, said the limited supply of coronavirus testing apparatus is creating an especially...
https://www.workboat.com/news/offshore/offshore-operators-feel-the-effects-from-the-coronavirus/