The Covid-19 pandemic continues to shake up the global oil economy as fears surrounding the newly-discovered Omicron variant sparked a drop in prices last week.
This — combined with an ongoing energy crisis and a previous drop in prices during the first wave of the pandemic at the beginning of last year — has prompted a flurry of speculation from oil analysts about where the market is headed next.
For a read on the future of oil markets, Host Jason Bordoff spoke with three experts:
Amrita Sen, a Founding Partner and Chief Oil Analyst at Energy Aspects; Bob McNally, the President of the energy advising firm Rapidan Energy Group; and Arjun Murti, a Senior Advisor at Warburg Pincus, a global private equity firm.
Their roundtable discussion touched on President Biden’s decision to release crude oil from the nation’s Strategic Oil Reserves, the upcoming OPEC+ meeting and what international leaders need to consider as the world transitions away from fossil fuels.