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Studies find global COVID-19 lockdowns have significantly reduced PM2.5 and NO2 pollution, but ozone up

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Nitrogen dioxide is a highly reactive gas produced during combustion that has many harmful effects on the lungs. The gas typically enters the atmosphere through emissions from vehicles, power plants, and industrial activities. TROPOMI NO 2 columns over China (a) before and (b-e) after the lockdowns (shown by padlocks) due to COVID-19.

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Iran also continues to add production, albeit at a slower-than-expected rate. Drilling for oil in shale is already a “short-cycle” event—a well can take weeks or months to be completed, whereas an offshore project can take several years. In fact, the rally to $40 was largely driven by speculation.

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Opinion: Global Oil Supply More Fragile Than You Think

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But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.

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