Insight
Coronavirus impact briefing: Week ending 01 May
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Report summary
Energy and natural resources sectors are having to deal with the combined forces of the coronavirus pandemic, the oil price crash and an impending global recession. In week four of this weekly briefing, we look at how underreporting of case counts and fatalities is rising. More accurate reporting will help guide government responses to lockdown measures. Economies under tight lockdowns posted large contractions in output in Q1, but we expect the worst is yet to come in Q2. Our updated outlook for the global economy expects a contraction of 4% in 2020. Also this week, we assess US crude oil storage and focus on renewable technologies.
Table of contents
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The coronavirus pandemic, the oil price crash and an impending global recession: how will the energy and natural resources sectors cope?
- How is coronavirus hitting the renewables sector?
- When will US commercial crude oil storage hit capacity?
- When, where and how will lockdown end?
- What’s the true scale of the pandemic?
- How can Wood Mackenzie help your business?
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