Speakers:

Ed Morse, Managing Director, Global Head of Commodity Research, Citi Group

Amy Jaffe, David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Program on Energy Security and Climate Change, Council on Foreign Relations

Moderator: Marianne Kah, Senior Research Scholar, Columbia University's Center on Global Energy Policy; NABE Energy Roundtable Co-Chair

The coronavirus (COVID-19) has already had a large impact on the global oil market, reducing oil demand in China and continuing to reduce global oil demand through lower economic growth. U.S. West Texas Intermediate oil prices were $63 per barrel at the beginning of January 2020 and have already fallen rapidly as oil producers initiated a price war to defend market share at risk.  

This webinar will address the possible scenarios of coronavirus diffusion and recovery, and the impact they would have on oil markets. What will be the impact on global oil demand, and how will U.S. and OPEC oil producers react? The webinar will also address how the coronavirus could impact long-term trends in oil demand, moving the world closer to peak oil demand. 

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