Association Webinars: The Impacts of COVID19 on the Power Sector


Global crude oil prices collapsed in the face of the double whammy of substantial demand losses resulting from the corona virus as well as the price war started instigated by Russia and Saudi Arabia. For example, the first month futures price of West Texas Intermediate has fallen by over 60 percent since early January (e.g., from $63 per barrel to $24 per barrel).

In light of this oil price collapse and an uncertain market outlook, USAEE held a webinar on April 2 at 11:00 am Eastern time to address (1) the outlook for global oil demand and crude oil prices, (2) the geopolitics of the oil price war and how it may end and (3) the impact on the U.S. oil and natural gas industry.

The panel was moderated by Marianne Kah, Advisory Board Member and Adjunct Senior Research Scholar at Columbia University’s Center on Global Energy Policy. Three panelists presented and responded to audience questions.

Paul Horsnell is Global Head of Commodities at Standard Chartered Plc. He was previously Managing Director and Head of Commodities Research at Barclays Capital, the investment banking division of Barclays Bank plc. and Head of Energy Research at JPMorgan. Prior to that, he was Assistant Director for Research at the Oxford Institute for Energy Studies and a Research Fellow in Economics at Lincoln College, Oxford University. He is the author of Oil in Asia, and (with Robert Mabro) Oil Markets and Prices: The Brent Market and the Formation of World Oil Prices.

Robert McNally is the founder and President of Rapidan Energy Group, a Washington-DC based group whose mission is to provide differentiated and actionable insights on energy markets, policy and geopolitics. Robert has over 29 years of government and market experience as an international energy consultant, senior White House policy official, and hedge fund strategist. He is the author of the award-winning and acclaimed book Crude Volatility: The History and the Future of Boom-Bust Oil Prices (Columbia University Press, 2017).

Artem Abramov is Partner and Head of Shale Research at Rystad Energy. He joined the company in 2013, and leads the team, which is responsible for empiric analysis of shale well production profiles, completion techniques and economic indicators.

Artem is the product manager for the ShaleWellCube, Rystad Energy’s shale well database. He is a co-author of the Shale Trends Report and one of the key contributors to the US Shale section of the Rystad Energy’s Oil Market Trends Report.

He holds an M.Sc. in Financial Economics from BI Norwegian Business School and a B.Sc. in Mathematics with the Major in Statistics and the Minor in Fluid Dynamics from the Novosibirsk State University, Russia.


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