Oxford Energy Podcast – After the Initial Oil Rebound: What Next for Market Fundamentals and Prices?

Following the sharp recovery in the oil price, the Brent price has been stuck in the narrow $40/b-$45/b range since July and despite the heightened uncertainty, volatility has been exceptionally low. What factors are driving the recent price behaviour? When will oil demand recover to its pre-virus level? What explains OPEC+ high compliance? Looking forward, what are the trade-offs that OPEC+ face? Have there been any fundamental shifts in Saudi oil policy over this cycle? Will US shale recover to its 2019 peak? When will the oil price break out from this current range? In this podcast David Ledesma talks with Bassam Fattouh about his new paper with Andreas Economou titled: After the Initial Oil Rebound: What Next for Market Fundamentals and Prices?

By: OIES