Oil: Demand on Remand

Presented by

Mark Lewis, Global Head of Sustainability Research

About this talk

As the economic impact of COVID-19 unfolds we have seen the oil price move into negative territory for the first time ever. Whilst there has been some recovery in the price and since oil is still a long way off its 2019 levels, the question remains; are we seeing a sooner-than-expected plateau in global consumption? If this proves to be the case, what are the lasting long term impacts on global investment markets, the energy sector and the transition to renewables? Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management will discuss these questions as well as addressing: • Cashflow catastrophe - can the US shale industry recover? • What behavioural pressures may we see if oil demand continues to fall? • What is the macro context for oil and other fossil fuels in relation to climate change? • Will COVID-19 impact on the energy transition to Electric vehicles?
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