June 1, 2020

The Oil Market’s Lazarus Effect

By Robert Dillon and Martin Jirušek

The death of the oil age has oft been predicted. Peak supply. Peak demand. Peak shale.  

Barely two months ago, oil markets were in disarray because of the combined supply and demand shocks of the price war and unprecedented government responses to the coronavirus pandemic that resulted in the near-complete shutdown of national economies around the world.  

On March 18, U.S.·

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