RESEARCH & ANALYSIS
OIL & GAS MARKET DURING COVID-19 PANDEMIC:
HIGHLIGHTING EGYPT'S PERFORMANCE BY AMINA HUSSEIN, REHAM GAMAL & YOUSTINA MOUNIR
COVID-19 KEY MILESTONES AFFECTING INTERNATIONAL OIL & GAS MARKET COVID-19 MAIN DEVELOPMENTS
COVID-19 spread to other countries
COVID-19 declared pandemic by WHO
Vaccines effectiveness rate reached 90-94%
COVID-19 Gamma variant documented
Jan 2020
Mar 2020
Nov 2020
Jan 2021
Dec 2019
Feb 2020
COVID-19 beginning in China
Start of global lockdown
Apr 2020
May 2021 Apr 2021
Dec 2020
Trials on vaccines started
Pfizer was the first vaccine validated by WHO
COVID-19 Delta variant documented
COVID-19 Beta variant documented
Nov 2021
*Pfizer antiviral pills effectiveness announced *COVID-19 Omicron variant appeared
COVID-19 EFFECTS ON INTERNATIONAL OIL & GAS MARKET 1. PRICES FLUCTUATIONS CRUDE OIL PRICES ($/bbl)
HIGHLIGHTS ON CRUDE OIL PRICES
Brent Price
WTI Price
50.44 29.34
42.96
44.29
60.82
68.83
73.47
78.50
45.76
27.81
40.89
42.45
57.79
66.09
70.62
76.21
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2020 12 | EGYPT OIL & GAS NEWSPAPER
2021
Date
Level
Prices ($/bbl)
20 Apr, 2020
Lowest
-36.98
26 Oct, 2021
Highest
85.64