Oil Demand Could Return To Pre-COVID Levels In 2021

Crude oil demand could recover to levels last seen before the coronavirus pandemic sometime next year, Russia’s Energy Minister Alexander Novak told German daily Handelsblatt in an interview. “Of course, it won’t happen this year,” he said, referring to the recovery in oil demand. “We hope it will happen next year, but it could take another two or three years.” Novak’s comments come on the heels of a statement by the head of Russia’s sovereign wealth fund, Kiril Dmitriev, who said there was no point…