It’s a dark Monday in the oil market, according to Rystad Energy. It’s a dark Monday in the oil market. That’s what Rystad Energy’s head of oil markets Bjornar Tonhaugen said in a statement sent to Rigzone on Monday, adding that traders are “finally” pricing in Covid-19’s second wave as the pandemic’s infections break daily records in many countries across the globe. “The latest infection numbers from the U.S. and France, among other nations, are rising by wide margins and restrictions and lockdowns are reinstated globally,” Tonhaugen said in the statement. “We have long warned that a ‘second wave’ of strict coronavirus restriction measures could be re-imposed, and it’s now happening for real,” he added. Tonhaugen noted that the curfew announced in Spain and the partial lockdown in Italy threatens to reduce the countries’ 600,000 barrel per day (bpd) and 650,000 bpd road fuel demand, as well as further […]