<p>Transportation accounts for about 25% of world energy demand and for around 60% of all the oil used each year. Road transport and aviation were especially strong sources of fuel demand growth in recent years, accounting for 85% and 8% of the energy consumed by transportation, respectively. With most vehicles staying off the road during the coronavirus lockdown, and with the suspension of international flights and maritime travel, the energy sector will have to cope with a drastically reduced demand for transport fuel. This falling demand, along with the lack of oil-storage options, has pushed the price of worldwide benchmark Brent crude below $20 in April.</p>
