Global demand for key oil-based fuels has rebounded sharply this year despite growing concerns over outbreaks of the so-called Delta COVID-19 variant. During the first seven months of the year, demand for key fuels is estimated to have risen by 5.5 million b/d or 9%, according to S&P Global Platts Analytics. While demand for jet fuel remains below pre-COVID levels due to ongoing travel curbs, heavy fuel oil is already above comparable 2019 levels supported by a resilient shipping sector and robust power sector demand in many key economies. What's next? Much of the global oil demand recovery set to come from ... (full story)