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.
Green recovery to accelerate the energy transition
Decarbonising the energy system must go beyond expanding the utilisation of renewable energy to include measures that tackle emissions from continued hydrocarbon production and consumption
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.
South Africa: Oil prices drop: What will fuel the energy industry
On April 20, 2020, the global petroleum industry witnessed a historic plummeting of benchmark US oil below $0 a barrel, while Brent crude oil has fallen nearly 70 per cent from the beginning of the year.