Recession Shock Hits the Oil Market

Are Future Shocks and Oil Market Volatility Inevitable?: New CERA Analysis

LONDON–(BUSINESS WIRE)–The past 12 months have seen volatility in oil prices on an unprecedented scale. A new special report, Recession Shock: The Impact of the Economic and Financial Crisis on the Oil Market, released today by Cambridge Energy Research Associates (CERA) as part of the London Energy Meeting, explores these issues, including: What is driving this extraordinary volatility; the effects on future demand and supply, and the effects on investment and energy security; how the financial crisis and economic downturn is exacerbating the volatility of oil prices, and the possible risks and unanticipated consequences.


The London Energy Meeting is being convened by British Prime Minister Gordon Brown bringing energy ministers and other leaders from around the world together for a summit on the global economy and oil markets. It follows a similar meeting convened in Jeddah, in Saudi Arabia, in June 2008.