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

被引：61
作者：
Jefferson, Michael [1 ]
机构：
[1] ESCP Europe Business Sch, London Campus,527 Finchley Rd, London NW3 7BG, England
来源：
ENERGY RESEARCH & SOCIAL SCIENCE | 2020年 / 68卷
关键词：
Pandemic; Price impacts; Crude oil qualities; Competitive strengths/weaknesses;
D O I：
10.1016/j.erss.2020.101669
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
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.
引用
收藏
页数：5
相关论文
共 7 条
[1]  
[Anonymous], 2020, Oil 2020
[2]  
DUMOULIN H, 1979, ENERG ECON, V1, P76
[3]   Forecasting the limits to the availability and diversity of global conventional oil supply: Validation [J].
Hallock, John L., Jr. ;
Wu, Wei ;
Hall, Charles A. S. ;
Jefferson, Michael .
ENERGY, 2014, 64 :130-153
[4]   Whither Plastics?-Petrochemicals, plastics and sustainability in a garbage-riddled world [J].
Jefferson, Michael .
ENERGY RESEARCH & SOCIAL SCIENCE, 2019, 56
[5]   A global energy assessment [J].
Jefferson, Michael .
WILEY INTERDISCIPLINARY REVIEWS-ENERGY AND ENVIRONMENT, 2016, 5 (01) :7-15
[6]   Shell scenarios: What really happened in the 1970s and what may be learned for current world prospects [J].
Jefferson, Michael .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2012, 79 (01) :186-197
[7]  
Nereim Vivian, 2020, AL JAZEERA
1