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Oil

With oil demand in free fall, Trump administration has few answers for US shale

Petrochemicals

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Energy | Oil | Crude Oil

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European oil refineries exposed as fears of Russia invading Ukraine grow

Energy | Energy Transition | Oil

Fuel for Thought: Alaska officials hit the road to make the case for oil, gas investment

Listen: With oil demand in free fall, Trump administration has few answers for US shale

The consequences of this will likely last years. In the midst of a price war, global oil demand is in a free fall. The spread of the coronavirus has left 3 billion people worldwide unable to get on a plane, drive to work or go anywhere, really, at all.

In response, global oil demand is plummeting. The International Energy Agency says as much as 20 million b/d of oil demand may be lost this year.

On today's Capitol Crude podcast, Sarah Ladislaw, senior vice president and director and senior fellow of the Center for Strategic & International Studies' energy security and climate change program, answers a few questions about where the US oil sector is headed.

What is the Trump administration doing to bail out the struggling shale industry? They say they're pressing the Saudis to work to stabilize the market, but how serious is that effort? And with Texas regulators contemplating oil alliances with Saudi Arabia, has the US oil industry entered a new, unpredictable chapter?