Vitol CEO: Gasoline, diesel demand likely to return to pre-COVID-19 levels by fourth-quarter of 2021 BY TRADELINECOMMODITY.COM CALL/WHATSAPP KHUSHBU GARG 9719098555/8057445599

Global oil demand in transportation sectors, with the exception of jet fuel, could return to pre-pandemic levels by the fourth quarter of 2021, draining excess supplies from the market, Vitol’s Chief Executive Officer Russell Hardy said.

Global oil inventories grew by 1.2 billion barrels in storage tanks and on the water after the Organization of the Petroleum Exporting Countries (OPEC) meeting in April, Hardy said at the virtual Asia Pacific Petroleum Conference.


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