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Optimistic of oil demand rebounding faster, says Vandana Hari of Vanda Insights

Wednesday, 24 February 2021 | 01:00

Vandana Hari of Vanda Insights has been very optimistic with crude demand rebounding faster.

“I am optimistic with regards to demand rebounding much faster except jet fuel,” she said.

She believed that fundamentally it is a very solid, evenly and tightly balanced market.

With a sharp decline in the COVID-19 cases globally, Hari hopes that the economy will start to return to normal and with that oil demand will start to return to normal without necessarily having to wait for widespread vaccination globally.

In terms of Q2, demand projections for crude have been upgraded quite a bit.
Source: CNBC TV18

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