Hydrocarbons are the largest global energy source, and demand for them has been growing rapidly in the past decade. Unfortunately, that progress was stunted with the recent global pandemic that shut down economies and societies worldwide. As the world recovers from the coronavirus, hydrocarbons will be in high demand in order to fuel the progress of the human race. The final piece of our four part series on post-COVID oil demand will investigate the overall change in global oil demand in a post-COVID world.
Post-COVID Global Oil Demand Series – Part 2: Freight Transport
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. Due to lockdown orders and social distancing guidelines, many individuals altered their in person shopping habits to online ordering. As a result, the freight industry has been able to remain busy during the pandemic ensuring goods reach their final destination in a timely manner. This demand does not appear to be going away anytime soon. Part two of our four part series on post-COVID oil demand will investigate the change in global oil demand for fuel used in freight transportation.
Post-COVID Global Oil Demand Series – Part 1: Petrochemicals and Construction Materials
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.