Industrial feed stock
Petrochemicals are one of the largest drivers of global oil demand and demand for petchems feedstock and industrial fuels will continue to gather pace as economic activity recovers from the COVID-19 pandemic.
Climate change and sustainability
Prior to COVID-19, few people would have found an obvious practical connection between a pandemic and climate change. But with hindsight, the connections are manifold – as discussed below, some are obvious, some more subtle, while others are still playing out.
The energy market in a global pandemic
Long-term participants in the energy sector have weathered significant fluctuations in oil and gas prices in the past, most recently during the 2014/2015 oil price crash. However, the current circumstances are unprecedented.
Transition faces pressure from oil crash and COVID-19
Until recently, the so-called Opec+ arrangement had successfully managed supply to keep the oil price up in the face of a global slow-down in demand, but within a matter of months all that has changed.