What Is Slowing The Oil Market Recovery?

Just after global oil demand crashed by 20 percent in April, analysts predicted that consumption would recover in the second half of 2020 and, supported by the OPEC+ production cuts and U.S. curtailments, would help the oil market to rebalance.    By July, oil demand had recouped most of the losses incurred during the second quarter, but the recovery started to wobble with the resurgence of coronavirus cases in major economies, including in the United States, India, and Europe. High uncertainties about COVID-19 and the economic recovery…