Paola Carvajal

Paola Carvajal is a consultant at the Mining, Geothermal Energy and Hydrocarbons Cluster of the Infrastructure and Energy Sector at the IDB. Previously, she was a principal at Arthur D. Little, with a strong focus on the oil & gas industry. She holds a master’s degree in international development policy (energy) from Duke University and a bachelor’s degree in finance from Universidad Externado de Colombia

An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean

April 14, 2020 por Carlos Sucre - Paola Carvajal 2 Comments

In March 2020, oil prices crashed by around 60% from their previous six-month high, with Brent oil – the international benchmark – falling US$22.74 per barrel on March 31st, its lowest daily level since 2002. From December 2019 to February 2020, oil demand in China fell by around 2 million barrels per day (mbd) because of the rapid propagation of the novel coronavirus. The … [Read more...] about An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean

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Paola Carvajal

Paola Carvajal

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