A large percent of of crude oil is consumed by transportation sector globally .
By referring to previous years statistics , more than 60 percent of worldwide oil consumption
belonged to transportation sector .
Corona virus pandemic mainly struck the travel and public transportation industry
in short term , that are part of transportation sector .
So the question may ensue the following questions :
- How many percent of oil consumption belonged to travel and public transportation industry ?
- How many percent the travel and public transportation industry is struck by pandemic in monetary term ?
- And how many percent of travel and public transportation industry costs is allocated to fuel (mostly crude oil products) consumption .
Can anyone introduce some references ?
The impact of the coronavirus pandemic on crude oil consumption has been significant, particularly in the short term. Here are some insights and references to help answer your questions:
References:
- International Energy Agency (IEA). "Global Oil Demand to Decline in 2020 as Coronavirus Weighs Heavily on Markets." April 2020.
- World Bank. "COVID-19 to Plunge Global Economy into Worst Recession since World War II." June 2020.
- International Air Transport Association (IATA). "COVID-19: Impact on the Airline Industry." March 2020.
- U.S. Energy Information Administration (EIA). "Factors Affecting Gasoline Prices." May 2020.
- Badges
- Science topic