Environment and Energy
May 4, 2020
SMU Energy Analysis for April
Written by Brett Linton
In its latest Short-Term Energy Outlook, the Energy Information Administration (EIA) noted that the COVID-19 pandemic has caused significant changes in energy supply and demand patterns. Because those changes are still evolving, the outlook is subject to heightened levels of uncertainty. What is certain is that crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic contraction caused by the coronavirus and a sudden increase in crude oil supply resulting from a dispute among the OPEC+ nations.
