The oil price shock and why the policy response to COVID - 19 remains inadequate
In our weekly Macro Strategy Views podcast, we discuss the price war in the oil market and the lack of an adequate policy response to the COVID-19 crisis. We believe that oil prices may fall to the January 2016 low if Saudi Arabia scales up production. The COVID-19 crisis is likely to get worse before it gets better, as the policy response remains inadequate. Global Head of FI&C Research Thomas Harr chairs today’s podcast and he is joined by Chief Analyst Allan Von Mehren and Senior Analyst Jens Nærvig Pedersen.