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AuthorAbi-Aad, Naji
AuthorKozhanov, Nikolay
Available date2023-11-21T05:49:53Z
Publication Date2023
Publication NameGCC Hydrocarbon Economies and COVID: Old Trends, New Realities
ResourceScopus
URIhttp://dx.doi.org/10.1007/978-981-19-5462-7_2
URIhttp://hdl.handle.net/10576/49498
AbstractThe outbreak of the Covid-19 epidemic and the resulting economic downturn have undermined the already weakened position of the global oil and gas industry. Since the transportation sector depends on 60 percent of energy from oil consumption, movement constraints are quickly interpreted into reduced oil demand. Consequently, various crude oil indices reached their lowest level by mid-2020, when the daily global oil consumption declined to less than 75 million barrels, compared to some 100 million barrels earlier that year, before recovering afterward.
Languageen
PublisherSpringer Nature
SubjectEconomic Diversification
OPEC
COVID
Gulf Energy Security
Low-carbon Economy
Shale Revolution
Energy Transition
Migration
Economic Recovery
TitleChallenges Facing the Gulf Petroleum Industry: Covid-19, New Technologies, Energy Transition
TypeBook chapter
Pagination13-29
dc.accessType Abstract Only


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