Wednesday, March 25, 2020
Read the DOB exclusive as Sproule outlines three pricing scenarios during this challenging period in global crude markets. The near-term impact of both COVID-19 and the Saudi-Russia oversupply tactics “will be significant, and a period of heightened market volatility and low global crude prices is expected,” says Sproule. in the recently released Special Market Report: 2020 Unleashes Unprecedented Volatility On Global Crude Markets. Liam O’Brien, Sproule’s senior associate, strategic advisory and insights, says that overall, what makes this crude price crash unique is that there are drivers on both sides of the supply-demand equation.