Global crude oil prices collapsed in the face of the double whammy of substantial demand losses resulting from the corona virus as well as the price war started instigated by Russia and Saudi Arabia. For example, the first month futures price of West Texas Intermediate has fallen by over 60 percent since early January (e.g., from $63 per barrel to $24 per barrel).
In light of this oil price collapse and an uncertain market outlook, USAEE will be holding a webinar on April 2 at 11:00 am Eastern time to address (1) the outlook for global oil demand and crude oil prices, (2) the geopolitics of the oil price war and how it may end and (3) the impact on the U.S. oil and natural gas industry.
The panel was moderated by Marianne Kah, Advisory Board Member and Adjunct Senior Research Scholar at Columbia University’s Center on Global Energy Policy. Three panelists presented and responded to audience questions.
