Fuelling change: how covid-19 is impacting Brazil’s oil industry

It’s painfully simple. With most places around the world ground to a halt amid the covid-19 crisis, the global demand for the world’s most popular energy source – oil – has plummeted. Brazil is no exception. This is far from ideal for state-owned Petrobras, but it’s also concerning for small and medium-sized businesses in the oil sector having to adapt to this new paradigm.