Why An Air Travel Recovery Won’t Spark An Oil Rally ...Middle East

OILPRICE - Economy
Why An Air Travel Recovery Won’t Spark An Oil Rally
source : OILPRICE ( Middle East ) () 29
Oil demand isn’t going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release.  And when it says anytime soon, the industry body means that air travel won’t return to normal for years—for years, to be exact.  And this air travel is exactly the shot in the arm that the oil industry needs right now.  According to the IATA, 2.8 billion passengers are expected to travel in 2021. That’s 1 billion more passengers than it expects…

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