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Will COVID-19 Change Oil Markets Forever?

Yelena Kalyuzhnova    Henley Business School, University of Reading, UK    

Julian Lee    Bloomberg    

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abstract

The oil market is experiencing unprecedented dislocations in 2020. The industry is trying to cope with the biggest slump in demand ever recorded, as governments around the world try to tackle the COVID-19 pandemic. Will oil demand return to a pre-pandemic ‘normal’, or will the outbreak hasten a peak in oil demand? Will patterns of oil consumption change and, if so, what pressures will that place on an industry already struggling to adapt to growing environmental concerns and a demand for carbon-free energy? The paper will explore the options.

Pubblicato
31 Luglio 2020
Accettato
30 Giugno 2020
Presentato
03 Giugno 2020
Lingua
EN
ISBN (EBOOK)
978-88-6969-442-4

Keywords: OPECOil pricesEnergy supplyOil marketsEnergy demand

Copyright: © 2020 Yelena Kalyuzhnova, Julian Lee. This is an open-access work distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction is permitted, provided that the original author(s) and the copyright owner(s) are credited and that the original publication is cited, in accordance with accepted academic practice. The license allows for commercial use. No use, distribution or reproduction is permitted which does not comply with these terms.