Day: July 1, 2020

Post-COVID Global Oil Demand Series – Part 3: Personal Transportation

Transportation allows people and ideas to move from place to place and is the backbone for advancing society. Unfortunately, the global pandemic has hindered the movement of people in the first half of 2020. As individuals begin to venture back out into the world, the transportation sector, and by association the consumption of hydrocarbons that fuel these vehicles, will be completely changed. Fear and social distancing guidelines will force individuals away from mass transit. Reduced options and capacity will force individuals away from air travel. Both will result in increased personal vehicle travel well into the future. Part three of our four part series on post-COVID oil demand will investigate the change in global oil demand for fuel used in personal transportation.