The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the oil price bust that could reshape energy markets. Photo Illustration: Carlos Waters/WSJ (Originally published April 16, 2020) Chevron Corp. is set to resume oil exports in July from a long-dormant operation it shares with the governments of Saudi Arabia and Kuwait, oil officials said Monday. The expected output surge of roughly 80,000 barrels a day will come as Chevron’s partners—both members of The Organization of the Petroleum Exporting Countries—seek to help the cartel curb exports in the aftermath of global pandemic-induced lockdowns that slashed oil demand by about a third. Oil prices have staged a recovery in recent weeks as drivers return…