The coronavirus shutdown has taken a huge bite out of demand for oil since everyone has been forced to stay home. Exacerbated by a pricing war between Saudi Arabia and Russia, oil prices have crashed to levels not seen in nearly two decades, and oil producers are losing money hand over fist. Not only will this oil crash have wide-ranging effects on the oil industry, it will also have huge impacts on the budgets of oil-exporting countries, the economy as a whole, and the prospects for energy transition.<\/p>\n
Can the world get past the economic impacts of the coronavirus? If it does, will oil demand recover to previous levels, or will it be permanently reduced? Which oil producers will survive this period, and which ones will go bankrupt and be swallowed up by larger rivals? And how much market share might the rivals of oil\u2014especially rivals like electric vehicles\u2014pick up in the aftermath of the shutdown?<\/p>\n
To help us sort through this incredibly complex picture, Bloomberg\u2019s Liam Denning returns to the show for a 90-minute deep dive into oil prices, supply, demand, the outlook for the world\u2019s producers, and the outlook for the world in this episode.<\/p>\n","protected":false},"excerpt":{"rendered":"
How much damage has the oil industry suffered from the coronavirus shutdown, how will it recover, and what are the implications for energy transition? <\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[111],"tags":[21,891,896,460,898,431,422,261,659,817,223,897,165,658,239,90],"class_list":["post-2732","xen_episodes","type-xen_episodes","status-publish","hentry","category-energy-transition-show-podcasts","tag-coal","tag-coronavirus","tag-covid19","tag-demand","tag-epa","tag-exxonmobil","tag-frackers","tag-gas","tag-india","tag-jobs","tag-oil","tag-pioneer-natural-resources","tag-production","tag-russia","tag-saudi-arabia","tag-shale","xen_guests-liam-denning"],"acf":[],"yoast_head":"\n