Gasoline Demand to Top 2019 Levels This Summer, Rystad Says
- Global market expected to be balanced-to-strong, Sahdev says
- Positive outlook echoes assessments from StanChart and FGE
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Global gasoline demand will remain robust this summer despite recent signs of weakness in the market, according to Rystad Energy A/S, which expects consumption to top levels seen before the pandemic.
“I see gasoline markets being balanced-to-strong for the summer,” Mukesh Sahdev, head of Rystad’s oil trading solution team, said in an interview. “It’s likely the recent decline in US mobility is a temporary blip.”