id author title date pages extension mime words sentences flesch summary cache txt cord-324185-zt88o3co Sovacool, Benjamin K. Contextualizing the Covid-19 pandemic for a carbon-constrained world: Insights for sustainability transitions, energy justice, and research methodology 2020-10-31 .txt text/plain 7229 326 43 Jefferson (this volume) [18] writes "In the run-up to the collapse of crude oil prices in early 2020 it was primarily a division between Russia and Saudi Arabia within OPEC which appeared to be the main force at work, but then the COVID-19 pandemic took over, followed by US oil prices turning negative in April 2020, as May contracts expired and traders had to offload stocks with ongoing storage becoming extremely limited." He further states that despite the stimulus and recovery packages being offered by many nations, "there will be many oil sectors incurring losses, from US shale oil and Canadian tar sands producers, to many standard crude oil exporters incurring problems with production equipment access and costs, or experiencing lack of competitiveness in key markets." Recent data from the International Energy Agency confirms this point, noting severe reductions in global demand for oil and natural gas (see Fig. 2 ). ./cache/cord-324185-zt88o3co.txt ./txt/cord-324185-zt88o3co.txt