An oil price war amid a global pandemic
April 2020
In this month’s article, we discuss the ongoing oil price war, including providing the supply and demand dynamics that led to the disagreement between OPEC and Russia. We delve into the expected winners and losers of this oil price war, highlighting why this war is expected to have far fewer winners with even less meaningful benefits than previous oil price wars because of the COVID-19 global pandemic. We look at the impact that the oil price war has had on financial markets, including US credit markets, equity markets and infrastructure assets during this very volatile and unprecedented period.
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