Coronavirus is out of the driver’s seat when it comes to the oil and gas market, leaving Saudi Arabia and Russia at the wheel, according to energy experts.

What’s next could come down to what these two drivers want.

“If they want to keep prices rising, they can keep a tight rein on supply and push inventories even lower,” Mark Finley, fellow in energy and global oil at Center for Energy Studies at Rice University’s Baker Institute, said during a recent OTC Live webinar. “But at what point does that become counterproductive? At what point does higher prices push U.S. drillers back into the game?”

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