As vehicle innovation emerges, oil and gas companies are strategizing to ride with the trends over the next few years.
Electric vehicles (EV), autonomous vehicles and ride-sharing have played key roles in reshaping the plans of oil and gas companies, according to speakers on Deloitte’s recent “The Future of Mobility” webinar.
But while the evolution of these transportation technologies will likely impact future gasoline demand, some oil and gas leaders doubt the impact will be substantial according to Thomas Shattuck, lead market insights analyst at Deloitte Services.
For the upstream sector, Shattuck’s only real concern is whether the current trends will reach the countries that fuel a lot of the global demand growth, such as China and India. Shattuck expects the upstream sector to remain resilient considering U.S. gasoline consumption is a minuscule factor in the dynamic global system for oil and gas.