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