As vaccination continues, how fast can oil demand return?
Matthew Farmer 15 April 2021 (Last Updated April 15th, 2021 13:33)
Holidays, commutes, and even short-distance journeys would contribute to oil product consumption, so all arms of the industry hope for easing of regulations and increased demand.
Covid-19 vaccines promise less travel regulation, meaning greater fuel demand. Credit, clockwise: Hakan Nural, John McArthur, Waldemar Brandt.
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The global vaccine rollout brings with it promises of looser travel restrictions and a more mobile world. This in turn enables holidays, commutes, and even short-distance journeys that global governments previously banned. All of these would contribute to oil product consumption, so all arms of the industry hope for easing of regulations.
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