Saturday , June 22 2024
Home / Mike Norman Economics / What’s Holding Back A Full Recovery In Oil Demand — Tsvetana Paraskova

What’s Holding Back A Full Recovery In Oil Demand — Tsvetana Paraskova

Summary:
Odds of a V-shaped recovery in oil demand are shrinking. Demand for jet fuel will continue to drag on global oil demand for at least another two years. Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products. Demand for energy is a pretty good barometer of economic activity. Oilprice.comWhat’s Holding Back A Full Recovery In Oil DemandTsvetana Paraskova

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Eric Kramer writes Elections are about trust, blame, and identity.  Here’s how to use that against Trump.

NewDealdemocrat writes Housing permits and starts the lowest since 2020, units under construction also decline further, but no yellow caution flag yet

Angry Bear writes Biden should welcome their hatred

Bill Haskell writes Senator Elizabeth Warren’s Bill Takes on Private Equity Milking Hospitals

  • Odds of a V-shaped recovery in oil demand are shrinking.
  • Demand for jet fuel will continue to drag on global oil demand for at least another two years.
  • Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products.
Demand for energy is a pretty good barometer of economic activity.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *