A resurgence of coronavirus cases in many part s of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering to pre-pandemic levels by the end of 2021, according to senior executives at oil firms and commodity traders. “A second wave or a continued set of outbreaks that has an impact on demand is … the most likely shock that the oil market needs to be considering in the next 12 to 24 months,” Giovanni Serio, global head of research at oil trader Vitol, said at the virtual Asia Pacific Petroleum Conference (APPEC), as carried by Reuters . Many executives expect diesel and gasoline demand to return to pre-COVID-19 levels by the end of next year, but how the pandemic will pan out is the major unknown in forecasts and a significant risk to the downside in case of […]