As the coronavirus pandemic continues to take a severe economic toll and millions of Americans file for unemployment, the oil industry is not immune, with estimates suggesting that hundreds of thousands of jobs related to the commodity could be lost in the U.S. this year.
Reuters reported on Wednesday that as many as 240,000 oil-related jobs could be lost nationwide in 2020, citing an analysis by Rystad Energy. The price of oil has plummeted while demand has dropped dramatically, with thousands of flights canceled and billions of people worldwide living under stay-at-home or shelter-in-place orders.
