2020: A Year Like No Other

On this week’s podcast we look back on the events that shaped the challenging year that was 2020. Early in January, tensions between the United States and Iran briefly pushed oil prices over $60/B. But when Coronavirus spread from China to the rest of the world, oil price plunged. The darkest days of the pandemic were in April, when oil demand dropped over 20% and price momentarily fell to negative $US 37/B (WTI). By summer, historic production cuts by OPEC+ and increasing d...