This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.

Publication

THE GLOBAL OIL MARKET AND THE COVID-19 CRISIS: IMPACT AND FORECAST

image credit: FM
Edouard Lotz's picture
Business Analyst Ecoslops

I am former student of ESCP Europe Business School where I graduated with an MSc in Energy Management. I worked for the French utility company SUEZ and I am currently working for Ecoslops, a...

  • Member since 2019
  • 15 items added with 14,020 views
  • May 13, 2020
  • 4470 views

Access Publication

This publication aims at providing a clear understanding of the coronavirus crisis over the global economy, the oil sector and the overall energy industry. 

A first section is reviewing how the Covid-19 passed from a local health issue in China to a global pandemic, affecting the economy, supply chains, the demand side and the global trading system. Key metrics are provided to understand the depth of the crisis and for how long should countries be affected in terms of GDP and growth. 

A second section is fully dedicated to the oil market, assessing the different events which affected the oil industry in the first quarter of 2020. 

A third section is discussing the future environment for oil, in terms of consumption, production and price. The future outlook for other sources of energy, such as natural gas, coal and electricity with a focus on renewables is also analyzed. 

A last section is reviewing how the crisis affected the African economy and how the turmoils in the oil sector deprived some oil producing countries from a necessary revenue to fight the coronavirus. An analysis concerning the African health sector is also provided through this publication. 

Edouard Lotz's picture
Thank Edouard for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.
Matt Chester's picture
Matt Chester on May 13, 2020

Thanks for sharing, Edouard. Are there specific lessons to be learned about how the oil industry should be more robust in the future should unexpected events like this happen again?

Edouard Lotz's picture
Edouard Lotz on May 16, 2020

That's a good question Matt. Well it seems that indendent upstream oil companies are the most heavily exposed to oil volatility as they are only offering oil to the market. I think that one of the best way to mitigate oil prices uncertainty is to diversify into other activities. Instead of being just an oil company, the idea would be to transform into an energy company, offering also gas and power (renewable) solutions, such as Shell, BP and Total in Europe.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »