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Don't expect global oil demand rebound to pre-COVID level this year, says Vanda Insights' Vandana Hari

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Speaking in an interview with CNBC-TV18, she said, "I am not in the camp expecting global oil demand to return to pre-COVID levels anytime this year; just look at the situation in Asia and in most of the world. However, we have seen travel pick up a bit but more on regional and domestic level."

Vandana Hari of Vanda Insights doesn't expect global oil demand to return to the pre-COVID levels anytime this year.
Speaking in an interview with CNBC-TV18, she said, "I am not in the camp expecting global oil demand to return to pre-COVID levels anytime this year; just look at the situation in Asia and in most of the world. However, we have seen travel pick up a bit but more on regional and domestic level."
"So, jet fuel demand is not coming back anytime soon. Therefore, I don't expect global oil demand to return to normal until perhaps late 2022."
"I have upgraded my outlook and USD 65 per/bbl to USD 75 per bbl is par for the course for the Brent, going into the second half of the year," said Hari.
For entire interview, watch the video.