Abu Dhabi, UAEWednesday 15 July 2020

Business Extra: How Covid-19 is altering the future of the energy industry

Global oil demand is not expected to recover until 2022, according to the International Energy Agency's latest estimate

The new reality for the world’s biggest oil producing countries and companies is being formed as the coronavirus pandemic alters projections for demand and consumption trends change. As UAE Minister of Energy and Industry Suhail Al Mazrouei alluded to this week, no one could have predicted the future would arrive so quickly for the industry.

Co-hosts Mustafa Alrawi and Kelsey Warner talk to The National's energy correspondent, Jennifer Gnana, about the minister's statements and the changing landscape of the energy industry.

In this episode:

The aftermath of the coronavirus and Suhail Al Mazrouei (0m 41s)

Changes in the energy industry (2m 42s)

How are drones going to help during the pandemic? (14m 35s)

Headlines (18m 06s)

Read more:

UAE oil output capacity reached 4.2m bpd in April, energy minister says

BP to write off up to $17.5bn as it lowers long-term oil price projections

Apicorp slashes five-year regional energy investment outlook by 18%

Will drones be ready for last-mile Covid-19 vaccine delivery?

Careem sees signs of recovery from Covid-19 hit as $50m Super App set to lift earnings

India’s economy set to make robust recovery in next fiscal year, S&P says

Abraaj former CEO stole $385m from the firm, liquidators say

Updated: June 23, 2020 09:35 PM

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