A crude future? COVID-19s challenges for oil demand, supply and prices

Assessing prospects for future oil prices is an uncertain activity but, barring Middle East conflict creating severe supply issues, crude oil prices are expected to stage a recovery by third-quarter 2020 and modest further recovery in first-half 2021, with the range $40 to $60 per barrel for WTI and...

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Autor principal: Jefferson, Michael
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7360512/
https://www.ncbi.nlm.nih.gov/pubmed/32839697
http://dx.doi.org/10.1016/j.erss.2020.101669
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author Jefferson, Michael
author_facet Jefferson, Michael
author_sort Jefferson, Michael
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description Assessing prospects for future oil prices is an uncertain activity but, barring Middle East conflict creating severe supply issues, crude oil prices are expected to stage a recovery by third-quarter 2020 and modest further recovery in first-half 2021, with the range $40 to $60 per barrel for WTI and Brent. Despite such a recovery there will be many oil sectors incurring losses, from US shale oil and Canadian tar sands producers, to many standard crude oil exporters incurring problems with production equipment access and costs, or experiencing lack of competitiveness in key markets.
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spelling pubmed-73605122020-07-15 A crude future? COVID-19s challenges for oil demand, supply and prices Jefferson, Michael Energy Res Soc Sci Article Assessing prospects for future oil prices is an uncertain activity but, barring Middle East conflict creating severe supply issues, crude oil prices are expected to stage a recovery by third-quarter 2020 and modest further recovery in first-half 2021, with the range $40 to $60 per barrel for WTI and Brent. Despite such a recovery there will be many oil sectors incurring losses, from US shale oil and Canadian tar sands producers, to many standard crude oil exporters incurring problems with production equipment access and costs, or experiencing lack of competitiveness in key markets. Elsevier Ltd. 2020-10 2020-07-15 /pmc/articles/PMC7360512/ /pubmed/32839697 http://dx.doi.org/10.1016/j.erss.2020.101669 Text en © 2020 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Jefferson, Michael
A crude future? COVID-19s challenges for oil demand, supply and prices
title A crude future? COVID-19s challenges for oil demand, supply and prices
title_full A crude future? COVID-19s challenges for oil demand, supply and prices
title_fullStr A crude future? COVID-19s challenges for oil demand, supply and prices
title_full_unstemmed A crude future? COVID-19s challenges for oil demand, supply and prices
title_short A crude future? COVID-19s challenges for oil demand, supply and prices
title_sort crude future? covid-19s challenges for oil demand, supply and prices
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7360512/
https://www.ncbi.nlm.nih.gov/pubmed/32839697
http://dx.doi.org/10.1016/j.erss.2020.101669
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