The impacts of COVID-19 on global oil demand are extremely uncertain. However, this model aims to help you bound the uncertainties, disaggregating 2020 oil demand in the developed and the developing world, as a function of some simplifying assumptions: GDP declines, flight cancellations, travel reductions and the pace of the crisis’s resolution.
Please note this model has been superceded by our more granular estimates, here. The model may still be useful to stress test influences on quarterly oil demand due to different COVID-related variables.