Events

Tue, Mar 31, 2020

Impact of the oil market crash on the major producers in Latin America: A closer look at Brazil and Mexico

What would this oil market crash mean for these two major oil-producing countries in Latin America? How resilient are Brazil and Mexico’s energy sectors to fend off this price crash?

4:00pm

All Content

Thu, Mar 12, 2020

Oil market meltdown?

Over the weekend of March 7–8, the breakdown of the previous oil production agreement between Russia and Saudi Arabia led to the broader collapse of the arrangement between OPEC and OPEC+. What will the rift will mean for the global oil market?

EnergySource by John Soughan

Coronavirus Energy Markets & Governance

Wed, Mar 11, 2020

Atlantic Council press call: Oil market meltdown: Price wars, coronavirus, and energy geopolitics

Last week’s breakdown of OPEC+ meetings in Vienna has turned a demand side driven decline in oil prices caused by the impacts of Coronavirus into an oil price war between two oil producing giants, with US shale production the ostensible target. If the standoff continues, however, the price war might ultimately do more harm to the Saudi and Russian economies. With increasing uncertainty about the depth of Coronavirus’ impact on global growth, the price war might also contribute to a sharp decline in the global economy. Helima Croft, David L. Goldwyn, Jean-Francois Seznec, Anders Aslund, and Randolph Bell discuss ongoing market volatility, the origins of the crisis, what’s next for US shale, and the implications of it all for energy and geopolitics

Event Recap

Coronavirus Energy & Environment

Mon, Mar 9, 2020

Saudi Arabia and Russia feud over coronavirus oil response: Will everyone lose?

"While Russia’s decision last week not to support OPEC’s proposal for a production cut and the subsequent oil price war—which as of publishing has pushed Brent crude down more than 9 percent—is surely part of the larger story of the economic impacts of the coronavirus outbreak, it is actually better understood as a geopolitical story about how US energy production growth has strengthened the United States’ international posture, which in turn has reshaped a number of global relationships," Randolph Bell says.

New Atlanticist by David A. Wemer

Coronavirus Energy Markets & Governance

David Goldwyn is president of Goldwyn Global Strategies, LLC (GGS), an international energy advisory consultancy and chairman of the Atlantic Council Global Energy Center’s Energy Advisory Group. He is a globally recognized thought leader, educator, and policy innovator in energy security and extractive industry transparency. Mr. Goldwyn served as the US State Department’s special envoy and coordinator for international energy affairs from 2009 to 2011 and assistant secretary of energy for international affairs (1999-2001), the only person to hold both the US government’s international energy leadership positions. He also served as national security deputy to US ambassador to the United Nations Bill Richardson (1997-98) and chief of staff to the US under-secretary of state for political affairs (1993-97). Mr. Goldwyn is a member of the US National Petroleum Council and the Council on Foreign Relations. Mr. Goldwyn has been published extensively on topics related to energy security and transparency. He is the co-editor of Energy & Security: Strategies for a World in Transition (Wilson Center Press/Johns Hopkins University Press 2013) and Drilling Down: The Civil Society Guide to Extractive Industry Revenues and the EITI (Revenue Watch Institute 2008). Mr. Goldwyn’s more recent publications include “Election 2020: What’s at Stake for Energy” (Atlantic Council 2020);  “A New Energy Strategy for the Americas” (Atlantic Council 2020) (forthcoming); “Confronting the Resource Curse: Advice for Investors and Partners” (Baker Institute 2020), and “Caribbean Energy Security: Regional Profile and Challenges to Integration” for a forthcoming Handbook on Caribbean Economies (Routledge 2020) and “Mexico’s Energy Reforms: The Prospects Under an AMLO Administration” Atlantic Council (2018). Mr. Goldwyn holds a B.A. in Government from Georgetown University, an M.A. in Public Affairs from Princeton University Woodrow Wilson School of Public and International Affairs and a J.D. from New York University.