The coronavirus pandemic has ushered in a new age and as the world begins to adjust to the new normal, demand for commodities like oil and natural gas has and will continue to change. While individuals may not be traveling via airplane or driving their cars as much as before the pandemic, there are many goods and materials created from hydrocarbons that will continue to be a necessary staple for the reestablishment of a healthy global economy. Part one of our four part series on Post-COVID oil demand will investigate the change in global oil demand for petrochemicals and construction materials.
The worst of the coronavirus induced oil crash seems to have bottomed out as storage inventories saw fairly dramatic drawdowns in the final weeks of May, a reversal of events from the past several months. Such relief may be all but eliminated in the ensuing week as an influx of nearly fifty million barrels of foreign crude oil is about to reach the U.S. Gulf and West coasts. The volume of incoming crude may offset most of the production cuts generated by domestic operators and extend low oil prices until the inventories can be worked back down.
This episode your host Tavis speaks on the (small) potential for $100/barrel oil, potential for conflict between the US and Saudi Arabia, and a second outbreak(?)! This and more on
In this episode your hosts Tavis and Sy revisit March, the month where COVID-19 began to be taken seriously and the worst of Saudi Arabia’s disagreement with Russia (so far)
In this episode your host Tavis talks about, you guessed it, the virus. Huge drops in energy demand, no more nail salons for Nana, and the government asking a celebrity