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Over 16% US Gulf oil, 24% offshore natgas output remains shut in | Hellenic Shipping News Worldwide

Over 16% US Gulf oil, 24% offshore natgas output remains shut in | Hellenic Shipping News Worldwide
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Crude oil demand expected to improve by mid-2021 | Hellenic Shipping News Worldwide


Crude oil demand expected to improve by mid-2021
Crude oil demand is expected to improve in the second half of the year with demand in China, east Asia and India leading the rise, as global demand continues to recover from the unprecedented demand shock caused by the coronavirus crisis, said Aramco CEO, Amir Nasser.
The acceleration of the rollout of the coronavirus vaccines and the economic stimulus package passing the US House are two of the factors that are helping demand bounce back.
“We are seeing a good case for optimism and recovery in demand,” said Nasser at the CERAWeek by IHS Markit conference. “Current demand in the market is about 94m bbl/day, our expectation by next year will be about 99m bbl/day.” ....

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