Oil Demand Set To Surge As Travel Picks Up

As restrictions ease across Europe, we are slowly seeing a resurgence in fuel demand for travel, not only in gasoline and diesel but also in jet fuel as travel and tourism gradually pick up.  In recent weeks, there has been some optimism across Europe as U.K. fuel sales reached their highest level since the start of the pandemic restrictions in 2020. In addition, toll roads across France, Italy, and Spain experienced their greatest use since the same months in 2019. As European refiners produce over twice as much diesel as gasoline, the demand…