Oil market outlook: Striking a delicate balance

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 ...

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 ...

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 ...

Pumping still more liquidity into Europe’s pandemic-frozen economy hardly addresses underlying problems, but this happens to be the most politically palatable strategy that Brussels could pursue. How EU leaders go about financing the massive new outlays, however, is a tricky question. The most likely borrowing scheme will have long-term consequences ...