{"id":17176,"date":"2020-12-07T07:13:20","date_gmt":"2020-12-07T06:13:20","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17176\/"},"modified":"2020-12-07T07:13:20","modified_gmt":"2020-12-07T06:13:20","slug":"can-the-demand-for-oil-regain","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/","title":{"rendered":"Can the demand for oil regain?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1842,175
\n(+1,72%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,2132
\n(+2,18%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 30117,50
\n(+0,90%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 46,08
\n(+6,00%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a013297,95
\n(+0,39%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

The oil companies’ hopes for a recovery in demand will not come true. And now let’s talk about what will kill at least 50% of oil companies in the next 10 years.<\/p>\n

OIL. WTI<\/strong><\/p>\n

\"OIL.<\/p>\n

The last nail in the coffin lid will be electric cars. In 2020, all car dealers have sharply reduced sales of new cars. But at Tesla, they have grown. And the company, which until recently was considered bankrupt, has simply blossomed.
\nHowever, it is worth looking a little deeper into the situation. For example, the same Volkswagen and Mercedes, against the backdrop of falling sales, this year they sold twice as many electric cars as they did last year. This shows that buyers are not just paying attention to a particular manufacturer (Tesla), but are completely changing their behaviour.
\nAnd if other customers are not going to change this model, they will be successfully helped. For example, in the UK, a ban on the sale of cars with a gasoline engine is planned from 2035. Many megacities, due to the environmental situation, will come to this decision even earlier.
\nThe prospects for the oil industry are even more dim when you think about the following. The same company, Tesla, is successfully developing electric trucks, with a huge portfolio of pre-orders. It is the trucks, which work from morning to evening, that consume a huge amount of diesel fuel.
\nThe only reason the majority of the world’s inhabitants have not yet given up on petrol cars is the high price of electric analogues. But this price is decreasing every year. Which is logical. The higher the production volume, the lower the cost.
\nLet’s imagine that after a few years, the price of a new gasoline and a similar electric car will be the same. What will be the proportion of purchases of the first and second? 50\/50? This answer can be given by a person who has never owned a car. The proportion will be 95 by 5 in favour of electric cars. Why? At least because the absence of a petrol engine under the bonnet, as well as the fuel system, makes maintenance much cheaper and generally removes the problem of potentially extremely expensive repair or replacement of the engine.<\/p>\n


\nWhat awaits us today?<\/strong><\/p>\n

03.00 Trade balance in China for November
\n08.00 Industrial production in Germany for October
\n16.00 Ivey Business Activity Index in Canada for November<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1842,175 (+1,72%) EURUSD\u00a0 \u00a01,2132 (+2,18%) DJIA\u00a0 30117,50 (+0,90%) OIL.WTI\u00a0 46,08 (+6,00%) DAX\u00a0 \u00a013297,95 (+0,39%) The oil companies’ hopes for a recovery in demand will not come true. And now…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCan the demand for oil regain? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"The oil companies' hopes for a recovery in demand will not come true.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can the demand for oil regain? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"The oil companies' hopes for a recovery in demand will not come true.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-07T06:13:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wordpress Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wordpress Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"Can the demand for oil regain?\",\"datePublished\":\"2020-12-07T06:13:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/\"},\"wordCount\":591,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/can-the-demand-for-oil-regain\/\",\"name\":\"Can the demand for oil regain? 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