Will The E-Commerce Boom Boost Oil Demand? ...Middle East

Economy by : (OILPRICE) -
"People have money and they're not spending it on going out to the theater, they're buying goods, CEO Black Gold Investors LLC. The transport industry has been one of the hardest hit by the pandemic. To limit transmission of the virus, most governments have been forced to enforce massive restrictions on public transport, leading to revenue losses of up to 70% for operators. Yet, there's one corner of the transport industry that has actually been thriving: eCommerce delivery. The U.S. freight business has emerged as one of the rare winning sectors…

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