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Columbia Energy Exchange

Oil Markets Experience Whiplash

December 1, 2021
Guest

Amrita Sen, Bob McNally, and Arjun Murti

The Covid-19 pandemic continues to shake up the global oil economy as fears surrounding the newly-discovered Omicron variant sparked a drop in prices last week.

This—combined with an ongoing energy crisis and a previous drop in prices during the first wave of the pandemic at the beginning of last year—has prompted a flurry of speculation from oil analysts about where the market is headed next.

For a read on the future of oil markets, host Jason Bordoff spoke with three experts:

Amrita Sen, Founding Partner and Chief Oil Analyst at Energy Aspects; Bob McNally, President of the energy advising firm Rapidan Energy Group; and Arjun Murti, Senior Advisor at Warburg Pincus, a global private equity firm.

Their roundtable discussion touched on President Biden’s decision to release crude oil from the nation’s Strategic Petroleum Reserves, the upcoming OPEC+ meeting, and what international leaders need to consider as the world transitions away from fossil fuels.

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