The outbreak and continuation of the COVID-19 pandemic will undoubtedly have a severe impact on the global oil industry this year. The sudden drop and rebound in oil demand has caused drastic fluctuations in global oil product inventories and oil prices. Global oil demand will drop by 8% this year. At first, industry personnel expected that global oil demand would return to pre-pandemic level within a year or two. However, it seems that this view is too optimistic, and the impact of the pandemic on the energy system will continue for many years. The International Energy Agency also stated that investment in the global energy sector will fall by 18% this year, and a substantial reduction in investment growth will also increase the risk of future market fluctuations. EboomYa supplies high-quality energy equipment in China and will continue to provide industrial products, solutions and services for energy production companies.