Oil May 2020

MARKET VIEWS

Oil Outlook 2020-21: Prices Expected To Stabilize, With The OPEC+ Deal Unlikely To Make Up For The Collapse In Global Demand

By Nouriel Roubini, Alessandro Magnoli Bocchi, Brunello Rosa, Marco Lucchin

15 May 2020

In this paper we discuss:

• How recent oil price dynamics reveals market dislocation;
• The underlying macroeconomic outlook for the 2020-24 period;
• Geopolitical winners and losers of the recent war on oil prices;
• Economic and market impact of recent oil price dynamics: and
• Our scenario analysis for oil prices, with baseline, upside and downside risks.

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