ISPI DOSSIER - THE OIL MARKET IN THE ERA OF THE DEMAND CRUNCH

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THE OIL MARKET IN THE ERA OF DEMAND CRUNCH

First the China-US trade war, then the coronavirus pandemic. The global economy is suffering from increased instability in international politics and the sudden emergence of global "black swans". The impact of this new situation on oil prices has been deep, and risks deepening if the extraordinary OPEC+ meeting on April 6th will fail to end the current price war between Saudi Arabia and Russia. However, although temporary production cuts can offer some short-term relief to oil producers, it can hardly solve the global demand crunch. A new era of stagnant oil prices has begun, and its political effects may reveal deeper than the economic ones.

   

 
 

Covid19 and the New Price Reality: A Tale of Oil and Dolls

Massimo Nicolazzi

ISPI

   

 
 

Low Oil Prices and Politics: The Era of Authoritarian Instability

Eugenio Dacrema

ISPI

   

 
 

The Oil Price Collapse and International Gas Markets

Nadim Abillama

Public Policy Analyst

   

 
 

The GCC Construction Sector: The Oil Price War Hits Home

Jessica Obeid

Energy Consultant

   

 
 

Russia in the Oil Production Standoff: The Limits of Resilience

Eleonora Tafuro Ambrosetti

ISPI

   

 
 

Saudi Oil Gamble: Low Prices, High Costs

Annalisa Perteghella

ISPI

   

 
 

Coronavirus and the New Oil Prices: The Case of Italy

Fabrizio Goria

La Stampa