Despite an already painful year so far, even tougher times could be ahead for the oil and gas industry as the market might takes years to rebalance, according to a panel of experts.

The insight was delivered during a recent webinar as the oil and gas industry moved deeper into the third quarter following a chaotic second quarter marked by plummeting demand, oversupply, tanking oil prices and a global pandemic that could enter a second wave. Oil producers across the world, including OPEC+ and those in the U.S., cut production to help ease the crisis.

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