Consumption trends indicate higher growth

Malaysia’s Petronas also hopes to restart operations at its 300,000 barrels-per-day refinery-petrochemical complex with Saudi Aramco by year-end, said Petronas’ executive vice president and CEO of downstream Arif Mahmood.(pic)

SINGAPORE: Global fuel demand is expected to reach pre-pandemic levels by early next year as the economy shrugs off pandemic woes, but spare refining capacity is likely to weigh on outlook, oil producers and traders said yesterday.

While a persistent rise in Covid-19 infections in several markets has hurt recovery in demand for some refined products such as jet fuel, consumption trends of petrol and diesel indicate higher growth, the industry leaders said.