How is the COVID-19 pandemic affecting global energy markets?

FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo

The global economic slowdown due to coronavirus restrictions has caused demand for oil and gas to plummet, while OPEC and Russia’s refusal to slow production has vastly over-increased supply, causing an unprecedented plunge in the price of oil. Brookings Fellow Samantha Gross explains what this turmoil means for U.S. oil producers and workers as well as longer-term efforts to fight climate change.

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Thanks to audio producers Gaston Reboredo and Amelia Haymes, Chris McKenna, Fred Dews, and Camilo Ramirez for their support.

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