Oil and Covid-19 part one: The route back
While the potential for a global pandemic that cripples the world economy and the oil price remains, thoughts are beginning to turn to what happens post-coronavirus
Countries across large swathes of North America, Europe, the Middle East, east Asia and Australia have confirmed a growing number of Covid-19 cases, causing concerns that the virus could yet circumvent efforts to contain its spread and move to a full-blown global pandemic. The impact of such a scenario on the global economy, both on energy demand and the price of oil would be substantial. Even the disruption that the efforts of China, in particular, and other badly affected countries to reduce the disease’s spread has caused have likely had a negative impact on global economic growth. “Supply chains have become very integrated, with intermediary products crossing multiple boundaries before t
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields