Oil, gas & refining summary outlook

Has Covid-19 spurred a medium term oil price rally?

1 minute read

In 2020 oil and gas markets suffered a double crisis of supply and demand, whilst refining bore the brunt of the supply response. The pandemic had a dramatic impact on personal mobility and crude prices, as WTI prices went briefly negative in late April.

This summary outlook was presented at the Energy Insurance London event  on Friday 16th October and covered:

  • Short term fundamentals for oil
  • Medium and long term crude oil fundamentals and price outlook
  • Medium term LNG summary
  • Challenges facing the refining sector

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