Webinar: Will Global Transport Fuel Take The Biggest Hit Post Covid-19?

Описание: Transportation accounts for about 25% of world energy demand and for around 60% of all the oil used each year. Road transport and aviation were especially strong sources of fuel demand growth in recent years, accounting for 85% and 8% of the energy consumed by transportation, respectively. With most vehicles staying off the road during the coronavirus lockdown, and with the suspension of international flights and maritime travel, the energy sector will have to cope with a drastically reduced demand for transport fuel. This falling demand, along with the lack of oil-storage options, has pushed the price of worldwide benchmark Brent crude below $20 in April.

The lockdowns have led to an increase in remote working and video conferencing, which means fewer people are using cars and planes, a trend that may continue after the COVID-19 crisis. On the other hand, people who need to go out are choosing their cars because they are afraid to use public transport. When it comes to air travel, the landscape is also changing. Social distancing measures in planes are expected to increase the cost of flights, while traveling may take much longer as people queue up for mandatory thermal scans and COVID-19 swab tests.

This webinar will bring together prominent international experts to share their expectations for the future of energy, transport, and travel, as well as the interplay between these industries.

Moderator: Stephen Cole, Host & Exec Producer, The Agenda
Speaker 1: Professor Paul Stevens, Chatham House
Speaker 2: John Simlett, EY Strategy Services
Speaker 3: Marcus Willand, Porsche (MHP)