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New Atlanticist

Mar 13, 2020

Coronavirus prompts school closures in US states, France, Portugal

By Atlantic Council

Authorities from the United States to France and Portugal closed schools in efforts to contain the spread of coronavirus, while sports games from hockey to soccer were canceled in the United States and Europe. Politicians or their spouses tested positive for the virus in Canada and Australia, even as new cases slowed in China and South Korea.

Economy & Business Energy & Environment

EnergySource

Mar 12, 2020

Oil market meltdown?

By John Soughan

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?

Coronavirus Energy Markets & Governance

Event Recap

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

Coronavirus Energy & Environment

In the News

Mar 10, 2020

Katz quoted in Marketplace on oil prices and production

By Atlantic Council

Energy & Environment Energy Markets & Governance

UkraineAlert

Mar 10, 2020

Water for peace: Ukraine tests public opinion on a very dangerous deal

By Mykola Vorobiov

A number of politicians from President Zelenskyy's ruling party have recently spoken out in support of renewing water supplies to Russian-occupied Crimea. Is Zelenskyy preparing public opinion for a grand bargain to secure peace in eastern Ukraine?

Conflict Energy & Environment

New Atlanticist

Mar 10, 2020

Italy locks down whole country on coronavirus, New York cases rise

By Atlantic Council

Italy imposed a country-wide lockdown to contain the spread of coronavirus, imposing travel restrictions and a “stay home” order as carriers including British Airways suspended flights. Cases in New York overtook those in Washington and California, while China showed signs of a slowdown in infections.

Economy & Business Energy & Environment

New Atlanticist

Mar 9, 2020

Italy imposes “massive shock therapy”; Oil, stock markets tumble

By Atlantic Council

The number of cases of Coronavirus surpassed 110,000, while oil prices had their sharpest falls in almost thirty years, roiling stock markets worldwide. Italy imposed a lock-down of swathes of the wealthy north of the country, affecting 16 million people, in a bid to contain the spread of the virus.

Economy & Business Energy & Environment

New Atlanticist

Mar 9, 2020

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

By David A. Wemer

"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.

Coronavirus Energy Markets & Governance

Press Release

Mar 6, 2020

Atlantic Council releases strategy for driving energy growth in Western Hemisphere

Results shaped by collaborative, multi-nation effort commissioned by US Department of Energy to leverage the region’s energy potential WASHINGTON, DC – March 6, 2020 – The Atlantic Council today released an ambitious strategy report focused on accelerating the development of energy resources in the Western Hemisphere. The report, titled A New Energy Strategy for the […]

Energy & Environment

In the News

Mar 6, 2020

Cohen in Forbes: OPEC+ talks collapse sending crude prices to 2017 lows

By Atlantic Council

Energy & Environment International Markets

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