Monthly Thematic Piece

What If We Have Seen Peak Oil Demand?
May 18, 2020
Products Mentioned:
Gasoline, Jet Fuel, Ethylene, Propylene, Benzene, Toluene, Xylenes, Propane, Polyethylene
Companies Mentioned:
BP, LyondellBasell, Aramco, Shell, ExxonMobil, Total, Reliance, Dow, Braskem, Nova, Borealis, Westlake
Subjects Covered:
Peak Oil Demand, Consolidation, Refinery Operating Rates, Investment in Chemicals

C-MACC Perspectives No 15

 

What If We Have Seen Peak Oil Demand?

  • Could our 2019 peak oil thesis – now also raised by BP CEO Bernard Looney – be correct. If so, there is no return to normal for commodity chemicals. 
  • We look back at the template that we created at the end of February with our second Scenarios piece and attempt to pull forward some of the conclusions from that report – the most important of which are likely a flatter cost curve for longer and a major step change in consolidation (but not yet).

See PDF Below For All Charts 

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