Rising levels of oil in floating storage, price cuts for Saudi crude, and a slowdown in Chinese imports: these were some of the factors that recently pressured oil prices. And the reason they pressured prices was that they all told the same story: demand is not improving as it should be. And this is fueling fears for long-term demand, too. Would Big Oil’s bet on plastics pay off? Will jet fuel demand ever get back to pre-pandemic levels? Will demand for gasoline? The future of the oil industry hangs on the answers to these questions. The coronavirus pandemic wiped out millions of barrels in fuel demand as countries locked down to contain the spread of disease. This demand is now returning as lockdowns ended, but it is not returning as quickly and as strongly as some may have wished, prompting bleak forecasts. Yet U.S. gasoline inventories have registered some […]