The rise and spread of COVID-19 has had a devastating impact on the health and well-being of countless people across the globe.

The pandemic has also had a dramatic impact on energy markets, both in the United States and abroad, resulting in enormous declines in the global demand for crude oil. Energy prices were already falling precipitously when another shock hit: the destructive surge in output from key energy producing nations following the March 6 collapse of the OPEC-Plus negotiations.