COVID-19 and global oil markets

doi:10.1080/02255189.2020.1821614

	COVID-19 and global oil markets
	Hanieh, Adam
	2020-10
发表期刊	CANADIAN JOURNAL OF DEVELOPMENT STUDIES-REVUE CANADIENNE D ETUDES DU DEVELOPPEMENT
ISSN	0225-5189
EISSN	2158-9100
摘要	The COVID-19 pandemic that spread rapidly across the world in early 2020 delivered a profound shock to oil markets and the broader fossil fuel industry. With demand for energy in free-fall as a result of the pandemic, world oil markets were simultaneously hit by the March 2020 "Oil Price War" between Russia and Saudi Arabia, which promised to significantly increase global supplies. As a result, global oil prices fell to multi-decade lows, and producers rushed to find storage space on land and sea for their oil rather than sell it at a loss. Remarkably, the price of West Texas Intermediate (WTI) fell into negative territory in mid-April 2020 as traders holding contracts for physical delivery were forced to pay others to take oil off their hands due to lack of storage space. This contribution maps the intersecting factors at the root of this moment of extreme crisis, asking what all this might mean for the organisation and power of the global oil industry moving forward.
关键词	Oil COVID-19 Gulf Arab states shale industry climate change
DOI	10.1080/02255189.2020.1821614
WOS研究方向	Development Studies
WOS类目	Development Studies
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
引用统计
文献类型	期刊论文
专题	新冠肺炎循证社会科学证据集成
作者单位	Univ London
推荐引用方式 GB/T 7714	Hanieh, Adam. COVID-19 and global oil markets[J]. CANADIAN JOURNAL OF DEVELOPMENT STUDIES-REVUE CANADIENNE D ETUDES DU DEVELOPPEMENT,2020.
APA	Hanieh, Adam.(2020).COVID-19 and global oil markets.CANADIAN JOURNAL OF DEVELOPMENT STUDIES-REVUE CANADIENNE D ETUDES DU DEVELOPPEMENT.
MLA	Hanieh, Adam."COVID-19 and global oil markets".CANADIAN JOURNAL OF DEVELOPMENT STUDIES-REVUE CANADIENNE D ETUDES DU DEVELOPPEMENT (2020).

条目包含的文件		下载所有文件
文件名称/大小	文献类型	版本类型	开放类型	使用许可
Hanieh-COVID-19 and （899KB）	期刊论文	出版稿	开放获取	CC BY-NC-SA	浏览下载