Demand recovery is blocked and oversupply continues. The global refined oil market is difficult to pick up

Industry organizations generally believe that the recurrence of the new crown pneumonia epidemic will continue to be the main challenge facing the refined oil market.

Goldman Sachs, a financial services organization, also pointed out that due to the latest wave of new crown pneumonia, the demand outlook for the global refined oil market has been bleak in the first quarter of this year.
According to Daniel Yergin, an analyst at IHS Markit, a market research firm, global crude oil demand may not return to its pre-epidemic levels until the end of this year or early next year.

Transfer from: China Energy News

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