تحت رعاية صاحب السمو الشيخ خليفة بن زايد آل نهيان رئيس دولة الإمارات العربية المتحدة

Under the Patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of The United Arab Emirates

Supported by

Energy Supply and Demand Dynamics

WEBINAR OVERVIEW

In the wake of the economic impact of the COVID-19 pandemic, global oil markets are facing a dual supply-demand shock of unprecedented proportions.  Global demand has fallen by as much as 30% over the past few weeks, as economies around the world have moved into recession as a result of lock-down and social-distancing measures designed to slow the spread of the COVID-19 virus.  Overall, the IEA now forecasts that average demand could fall by over 9 mmb/d in 2020, equivalent to around 9% of the 2019 figure.

MARKET INSIGHTS PARTNER

KEY POLL RESULTS FROM THE ADIPEC BCG WEBINAR

During the webinar, attendees took part in various interactive industry polls – providing insights on 3 key perspectives relating to Energy Supply and Demand Dynamics.

1. What is the impact of COVID-19 on peak demand?

anticipate that the impact of COVID-19 on peak demand will be brought forward

answered that oil demand will never fully recover once the peak has occurred

said peak demand will not occur for decades given the low cost of oil, economic and population growth

of the live webinar attendees thought
COVID-19 will have no long-term impact

2. Will the U.S. oil production be permanently harmed by the economic downturn?

thought that U.S. oil production being permanently harmed by the economic downturn is somewhat true, production levels will go down but it will recover to previous levels over time.

U.S. oil production will be permanently harmed by the economic downturn, production won’t reach previous levels and may even decline more quickly

believe it is too soon to tell if the U.S. oil production will be permanently harmed by the economic downturn

of the attending energy professionals said that U.S. oil production will not be permanently harmed by the economic downturn, production will be back bigger and better than ever

3. Will the OPEC+ deal support markets in the medium-term?

foresee that the OPEC+ deal will support markets in the medium-term.

thought the OPEC+ deal will maybe support markets in the medium-term.

of the attendees said the OPEC+ deal will not support markets in the medium-term.

WEBINAR AGENDA AND PANELISTS

Ultimately, the impact of the COVID-19 crisis on supply and demand will depend on two inter-related factors: the duration and amplitude of the demand drop; and the pace of economic recovery.  Neither picture is clear at present. 

Consequently, producers – both international oil companies and national oil companies – lack the basis to take critical investment and production decisions.  

The dual supply-demand shocks will also test OPEC+’s ability to manage markets in the medium term. The test of OPEC+’s strategy will be how it manages supply when demand begins to recover, and whether it can deal with the massive supply overhang that will continue to weigh down prices.    

Ahead of the webinar, we encourage you to take part in the energy supply and demand industry poll.

Take Part in the supply and demand Industry Poll

  • The supply outlook for 2020 and beyond

    SARAH LADISLAW

    Senior Vice President and Director of the Energy Security and Climate Change Program,
    Center for Strategic and International Studies, Washington DC

  • Demand destruction and the challenges of storage

    JAMIE WEBSTER

    Senior Director,
    Center for Energy Impact,
    Boston Consulting Group

  • OPEC+ policy: will the supply cut deal be effective?

    RAAD ALKADIRI

    Senior Director,
    Center for Energy Impact,
    Boston Consulting Group

  • Webinar Host

    EITHNE TREANOR

    Managing Director
    E Treanor Media

Webinar Host

EITHNE TREANOR

Managing Director
E Treanor Media

Key questions our expert panellists will be answering: 

  • Is there a scenario where a sustained production war combined with unprecedented global demand impact changes the oil market forever?
  • Do Saudi Arabia and Russia have any choice but to step back, given the escalation of COVID-19’s demand impact?
  • What does the future of the US shale patch look like in various supply and demand scenarios?
  • How do other production centres cope in the new price environment?
  • Is cheap feedstock enough to protect refined products and petrochemicals markets from the demand shock?

Ahead of the webinar, we encourage you to take part in the energy supply and demand industry poll

Take Part in Industry Poll