World’s Top Oil Trader: Airline Travel Won’t Recover Until Late 2021

World’s Top Oil Trader: Airline Travel Won’t Recover Until Late 2021

From oilprice.com

Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half of 2021, when mass vaccinations are poised to allow traveling to more destinations quarantine-free, according to the world’s largest independent oil trading firm, Vitol. Vaccination passports could be inevitable for the tourism and airline industries to rebound from the pandemic hit, Mike Muller, the head of Vitol’s operations in Asia, said at the online Gulf Intelligence conference, as carried by Bloomberg. Until a critical mass of people are vaccinated, and probably ... (full story)

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