KAPSARC Oil Market Outlook – Update

  • Focus Area -
  • Type Instant Insight
  • Date 18 February 2020
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Abstract

China reported an outbreak of a SARS-like viral infection on December 31, 2019. The disease, officially named COVID-19, was first detected in Wuhan City, Hubei Province, China and continues to spread globally. Initial symptoms are similar to the common cold, but in severe cases it can cause pneumonia and even organ failure. The Chinese government has taken a number of steps to try to contain the virus, including extending the annual Lunar New Year holiday, restricting travel, and suspending some business activities. All of these measures will have some effect on the country’s energy consumption. Given the growing concerns over COVID-19 and its impact on oil demand, KOMO has been updated and KAPSARC is examining a range of possible outcomes. 

Authors

Hamid M. Al Sadoon

Hamid M. Al Sadoon

Research Lead Hamid leads KAPSARC’s Oil Market Outlook (KOMO) quarterly reports. He focuses on all aspects related to short- and long-term energy… Hamid leads KAPSARC’s Oil Market Outlook (KOMO) quarterly reports. He focuses on all aspects related to short- and long-term energy forecasting, covering a wide array of topics including demand, prices, inventories, etc. Prior to joining KAPSARC, he worked for three years in corporate planning at Saudi Aramco as an analyst. Between 2012-2016, Hamid was a negotiator for the Saudi climate change team at different United Nations bodies, covering various topics under the Paris Agreement, such as adaptation, transportation, etc. He negotiatied on behalf of the Kingdom at the UNFCCC, Montreal protocol, UNEP, IPCC, ICAO, among others.  

Expertise

  • Oil Demand
  • Long- and Short-term Forecasting
  • Energy Modeling and Climate Change

Publications See all Hamid M. Al Sadoon’s publications

Is the Shale Oil Rush Over?

Is the Shale Oil Rush Over?

China reported an outbreak of a SARS-like viral infection on December 31, 2019. The disease,…

20th November 2023
Colin Ward

Colin Ward

Research Fellow Mr. Ward has worked in all aspects of the energy industry from summer jobs on seismic rigs, to designing refineries,… Mr. Ward has worked in all aspects of the energy industry from summer jobs on seismic rigs, to designing refineries, upstream field development, consulting and strategy work, and now high-impact academic analysis of issues facing the energy system. Much of Mr. Ward’s work in recent years has focused on CCUS-related topics including upstream carbon intensity, CO2-EOR, blue hydrogen, hydrocarbon producer strategy in a carbon-constrained world, and blockchain-based carbon tracking and trading.

Expertise

  • Oil Markets
  • Upstream
  • Carbon
  • CCUS
  • Hydrogen
  • Technology
  • Strategy and Consulting

Publications See all Colin Ward’s publications

Is the Shale Oil Rush Over?

Is the Shale Oil Rush Over?

China reported an outbreak of a SARS-like viral infection on December 31, 2019. The disease,…

20th November 2023
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