Goldman Sachs: Jet Fuel Demand Recovery Could Take Years

While global oil demand is set to rebound with a V-shaped recovery, demand for jet fuel will continue to languish for at least another two years, cut by significantly reduced business travel, Goldman Sachs says, as carried by Business Insider. "We believe oil will exhibit a V-shaped recovery, but supply will exhibit an L shaped recovery," Goldman Sachs' head of global commodities research, Jeff Currie, said at a virtual briefing attended by Business Insider. However, jet fuel demand will not return to the pre-virus levels until Q3 2022, according…