Is This The World’s Next Major Driver Of Oil Demand?

The energy industry has been plagued by the sharp and deep drop in oil demand for months, and the outlook does not look too good either—with or without vaccines. Traditionally, China has been the one bright spot on the global map as the large consumer that is always thirsty for crude. Now, there appears to be another driver of hope for oil demand: Brazil. The biggest country in South America has been one of the most severely affected by the coronavirus pandemic, but unlike other places that suffered mass infections, this has not harmed fuel…