Tuesday, January 28, 2025
Europe's lockdowns restrain global fuel demand recovery- oil and gas 360

Europe’s lockdowns restrain global fuel demand recovery

Reuters LONDON/NEW YORK  – Renewed lockdown restrictions in Europe and slower than expected vaccine rollouts are likely to check a global recovery in fuel demand and make OPEC+ oil producers take a cautious stance when the group reassesses output policy this week. With its extensive vaccination programme, Europe was central to forecasts for demand recovery, especially as many Europeans were

U.S. gasoline demand exceeds 2020 levels for first time in 2021: OPIS- oil and gas 360

U.S. gasoline demand exceeds 2020 levels for first time in 2021: OPIS

Reuters NEW YORK  – U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to a report on Tuesday from the Oil Price Information Service by IHS Markit. However, demand still trails pre-pandemic levels, and the year-on-year increase is a bigger reflection on last