Oxford Energy Podcast – The COVID-19 Oil Price Cycle: Distinguishing Features and Short-term Outlook

In this podcast David Ledesma discusses with Bassam Fattouh, the Director of the Oxford Institute for Energy Studies key themes emerging from the OIES Oil Monthly, a new publication launched by the Institute in February 2021. These include the distinguishing features of the current oil price cycle, the unsynchronised recovery in global oil demand, China’s increasing importance in global oil markets,  and the effectiveness of OPEC+ response to the COVID-19 shock. Also discussed is US shale performance compared to previous cycles and whether it will act as a disruptive force for market balances and whether the oil market has entered into a new supercycle.