Reduced Demand for Global Oil Supply May Be Permanent
Dubai, United Arab Emirates, May 13, 2020: Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for the next 12 months.
Some stress had already begun to appear in the global oil markets at the turn of the year. The US and Europe were in the middle of an unusually warm winter, which reduced energy demand. In the US, investors were prioritising capital discipline over production increases and had started raising interest rates for lower credit quality oil producers. But little evidence existed for the impending shock to demand that would ......Read More
