With many countries and regions trying to open up their economies after COVID-19 lockdowns, many in the oil industry had been hoping that as hundreds of millions of people resume as normal a life as possible, demand for oil would pick up to pre-COVID levels.This is not going to happen. The “old normal” is not coming back. As we have been repeatedly saying for months, we are witnessing the end of the oil age. Even once great giants are now crumbling at their core.
Source: We Have Entered the “End Game” for Oil—With “Permanent Demand Destruction” | Common Dreams Views
