The 10 Minute Take - U.S. oil demand sputters as lockdowns tighten

Jul 15, 2020 | Brian Moore


Share

The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe. Featuring Michael Tran, RBC Capital Markets’ Global Energy Strategist.

The 10 Minute Take Podcast

Four months into the COVID pandemic and some Americans have hit lockdown fatigue, if traffic data is any indication. Take Las Vegas, which has seen flight activity increase steadily over the last six weeks. Or Houston, where traffic was up and down leading into the 4th of July holiday. How will mobility patterns shift as U.S. re-openings continue to stop and start? And how will this erratic demand affect oil prices? Michael Tran, RBC Capital Markets’ Global Energy Strategist, shares his insights from real-time traffic data during the pandemic.

 

Click here for the full podcast; The 10 Minute Take.