May 7, 2020


Description

The talk will focus on the Black Swan event and the implications of it, thereof.

Firstly, we will look at the demand side and how COVID-19 is disrupting life. On January 1, 2020, the world consumed 100 mmbo/d of oil. Then, the reaction to the coronavirus happened. With travel restrictions, quarantines and companies having employees work from home, demand for fuel, and petroleum byproducts has plummeted.

Secondly, we will look at the supply side where Russia and OPEC+ partners are pumping more oil.  They are adding AT LEAST 1.3 mmbo/d to their production levels in April. Russia is within 200 mbo/d of their high all time high. That means that 1.5 mmbo/d minimum is coming back on the market.

Then the talk will shift to what the US response has been and what it should be.


Featured Speakers

Speaker: David Ramsden-Wood
Speaker David Ramsden-Wood
David Ramsden-Wood was the Co-Founder and COO of OneEnergy Partners (2018 sale). The creator of the #hottakeoftheday, David was began his career in energy as a Reservoir Engineer for Anadarko in 2001. Throughout his career, he has held roles across the analytical spectrum, including Completion and Production Engineering and Business …

David Ramsden-Wood was the Co-Founder and COO of OneEnergy Partners (2018 sale). The creator of the #hottakeoftheday, David was began his career in energy as a Reservoir Engineer for Anadarko in 2001. Throughout his career, he has held roles across the analytical spectrum, including Completion and Production Engineering and Business Development. David is passionate about the future and face of the oil and gas industry, and the evolution of the Energy Industry as a whole. David’s Daily #hottakeoftheday is seen by approximately 30,000 professionals and can be found on LinkedIn following the # and now, at hottakeoftheday.com and podcast.

Full Description



Organizer

Romina Myrtaj


Date and Time

Thu, May 7, 2020

noon - 1 p.m.
(GMT-0500) US/Central

Event has ended

Location

At your computer



Group(s): Permian Basin