Oil market outlook: Striking a delicate balance

Since about June, oil prices have remained remarkably stable. Still, plenty of uncertainty remains about when consumption might recover and what the long-term future holds for the world’s energy giants. As a result, oil companies’ shares have declined steadily, proving that the market does not expect a significant rise in ...

While the scale of the coronavirus emergency requires government intervention, it is worth asking what the consequences of those rescue measures will be in the long term, especially considering the preexisting weaknesses of the economy. Unless the magnitude of the crisis raises awareness of governments’ failings, some European countries’ bloated ...

After seeing oil prices rise in May and stabilize in June, OPEC+ announced it would ease its production cuts as of August. The committee based its decision on the assumption that the economy would gradually recover during the second half of 2020, but the global economic outlook – on which ...

The countries in OPEC+ are currently complying with the terms of their deal to restrict output, but this discipline may not last. Meanwhile, oil markets remain at the mercy of the global economic recovery. Demand will need to increase well above the current levels to absorb the inventory buildup accumulated ...