Commodity Insights top movers and shakers
Each year, the S&P Global Commodity Insights Top 250 Global Energy Company Rankings® calculates and ranks publicly traded companies based on their asset worth, revenues, profits, and return on invested capital.
A sharp drop in global oil and gas prices during the first year of the coronavirus pandemic, fueled by a plunge in demand amid lockdowns, beset energy markets.
Crude prices dropped almost 35% in 2020, with Commodity Insights Dated Brent, the leading benchmark assessment of the value of physical, light North Sea crude oil, averaging $41.84/b, compared with $64.21/b in 2019. The 2020 figure was the lowest average since 2004. Global oil demand and refinery utilization fell sharply.