Oil Market Scenarios for a post-Pandemic World

Global oil markets, already bracing for slower demand pre-COVID, have been rocked this year by the pandemic, price war, and other seismic shifts to business and industry. Now facing even more constrained demand, a new price environment, capital discipline pressures, revamped shale models, a growing EV movement, and more, what is the range of scenarios and uncertainties that producers must navigate in the global oil market over the next 10 years and beyond? Chief economists from BP and ConocoPhillips and the heads of oil market research at OPEC and IHS Markit discuss the trends and structural changes that are shaping global oil post-pandemic.