# Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel

> Oil prices fell sharply in March 2020 amid a collapse in demand from the COVID-19 pandemic, which cut Chinese and then global consumption. The article also describes a dispute between Russia and Saudi Arabia over production, and it traces the earlier 2014-2015 price collapse driven by rising US shale output.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region Global · magnitude high
- Page: https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower crude prices reduce the cost of diesel and energy inputs, and they weaken the ethanol and biofuel link that supports corn and soybean oil demand. Feed buyers should expect softer energy-linked support for grain and oilseed prices.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-21 | [Here's What's Going On With Global Oil Markets : NPR](https://feedsoft.ai/events/10586-here-s-what-s-going-on-with-global-oil-markets-npr.md) | -6.1% | -10.7% |
| WTI | 2020-03-27 | [The Oil Price Collapse Could Reshape Global Natural Gas Markets \| Georgetown Journal of International Affairs \|
    Georgetown University](https://feedsoft.ai/events/54312-the-oil-price-collapse-could-reshape-global-natural-gas-markets-georgetown.md) | +37.1% | -32.8% |
| WTI | 2020-04-26 | [Oil price crash, COVID-19 weaken grains and oilseed markets](https://feedsoft.ai/events/53733-oil-price-crash-covid-19-weaken-grains-and-oilseed-markets.md) | +21.1% | +105.0% |
| WTI | 2020-04-20 | [Oil price crashes into negative territory for the first time in history amid pandemic](https://feedsoft.ai/events/4478-oil-price-crashes-into-negative-territory-for-the-first-time-in-history-amid.md) | -32.4% | +73.9% |
| WTI | 2025-07-24 | [Price Flip May Be Needed to Avert Emerging Oil Glut \| Energy Intelligence](https://feedsoft.ai/events/23927-price-flip-may-be-needed-to-avert-emerging-oil-glut-energy-intelligence.md) | +7.5% | -2.9% |
| BRENT | 2018-11-21 | [Here's What's Going On With Global Oil Markets : NPR](https://feedsoft.ai/events/10586-here-s-what-s-going-on-with-global-oil-markets-npr.md) | -3.4% | -10.1% |
| BRENT | 2020-03-27 | [The Oil Price Collapse Could Reshape Global Natural Gas Markets \| Georgetown Journal of International Affairs \|
    Georgetown University](https://feedsoft.ai/events/54312-the-oil-price-collapse-could-reshape-global-natural-gas-markets-georgetown.md) | -1.2% | -25.9% |
| BRENT | 2020-04-26 | [Oil price crash, COVID-19 weaken grains and oilseed markets](https://feedsoft.ai/events/53733-oil-price-crash-covid-19-weaken-grains-and-oilseed-markets.md) | +19.9% | +86.8% |

## Sources

- iiss.org: https://www.iiss.org/online-analysis/online-analysis/2020/03/gstrat-pierre-noel-qa-oil-crash-2020/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.