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Oil Update—March 2020

Although we are at midmonth with a very volatile oil environment, I want to bring to your attention an excellent podcast that I listened to this weekend.

Columbia Center on Global Energy Policy produced a podcast titled “Why This Crash is Different” featuring guests Helima Croft, Amy Myers Jaffe, and Bob McNally. I found this nearly hour-long podcast to be one of the best sources of information. Because the guests are knowledgeable and experienced, they were able to provide a great synopsis of what has taken place and provide their thoughts and opinions on future developments. I encourage you to listen.

Markets are extremely volatile and unpredictable with the unfolding of the COVID-19 crisis and the OPEC+ brouhaha. For those reasons, I will not be providing an oil price forecast at the end of this month and possibly for several more months. There is simply too much uncertainty.

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