Europe’s Soaring Gasoline Consumption Triggers Rise In Oil Demand ...Middle East

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Europe’s Soaring Gasoline Consumption Triggers Rise In Oil Demand
source : OILPRICE ( Middle East ) () 9
Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions and lockdowns.   Airline traffic in Europe is still 30 percent below pre-COVID levels from 2019, but road fuel demand has strengthened this summer, estimates by Bloomberg showed on Monday. Before the summer, Europe was a major drag on global oil demand with still depressed traffic on the roads. But once the late spring and summer came, Europeans in the biggest…

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