Where Is Future Oil Demand Going To Come From?

Rising levels of oil in floating storage, price cuts for Saudi crude, and a slowdown in Chinese imports: these were some of the factors that recently pressured oil prices. And the reason they pressured prices was that they all told the same story: demand is not improving as it should be. And this is fueling fears for long-term demand, too. Would Big Oil’s bet on plastics pay off? Will jet fuel demand ever get back to pre-pandemic levels? Will demand for gasoline? The future of the oil industry hangs on the answers to these questions. The…