Oil Demand Picture is Mixed

COVID does not play any more role in the oil demand picture of the future be it immediate or farther out. COVID is more or less over in a few weeks as everyone opens up and there simply is no more patience for any lockdown measures anymore. But what people seem to overlook is the real economic calamity hanging over our heads. Inflation has raised its head and what we saw so far is only the beginning. Almost 2 decades of reckless money printing will screech our economies to a halt and when the Chinese export engine stutters, oil consumption will fall off a cliff.

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