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.
(Edited by : Bivekananda Biswas)