Monday, April 6, 2020

Wood Mackenzie - Coronavirus pushes oil towards the abyss

The crude oil market is staring into an abyss. The challenges are physical – dealing with extreme oversupply – and financial, with market participants from wellhead to forecourt under severe duress. Ann-Louise Hittle and Alan Gelder, who, respectively, lead our oil market and downstream analysis, helped me to piece together how things could unfold.

https://www.woodmac.com/news/the-edge/coronavirus-pushes-oil-towards-the-abyss/?utm_source=linkedin&utm_medium=social&utm_content=the-edge-oil-abyss&utm_campaign=the-edge

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