Top trader says virus might bring peak oil demand much quicker

Top trader says virus might bring peak oil demand much quicker
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07.05.2020

MOSCOW (MRC) --В Oil markets are at the beginning of a fragile recovery as coronavirus lockdowns ease, though long-term peak demand may be permanently eroded, Vitol's chief executive told Reuters.Russell Hardy, CEO of the world's biggest oil trader, said global oil demand sank by 26-27 million barrels per day (bpd) in April and predicts a year-on-year drop of over 8 million bpd."The marke

Full article at mrcplast.com

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