Insight
US election 2020: Is US oil demand’s trajectory at a crossroads?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The outcome of the US Presidential election has varied but subtle short-term and long-term impacts to US oil demand. In the next few years, oil demand’s growth trajectory is contingent upon containment of the Covid-19 pandemic, as the pace of economic recovery is also linked to pandemic containment amid high US unemployment rates and bearish consumer confidence. And in the long-term, the election results could provide some shift the US energy transition growth path for passenger cars. In this insight, we review the potential impacts of the US Presidential outlook on oil demand, both short and longer-term.
Table of contents
- Economic outlook and short-term US demand impacts
- Long-term US demand impacts
- US election impacts beyond oil demand
Tables and charts
This report includes the following images and tables:
- US gross domestic product, 2018-2025
- Total US oil and liquids demand, 2019 to 2022
- US fleet fuel economy vs. US gasoline demand outlook, 2019-2040
What's included
This report contains:
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