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Top Oil Traders Say Demand Recovery at Least 18 Months Away

  • Vitol doesn’t see pick-up until summer 2021, Gunvor 2022
  • Biggest firms offer dim outlook for oil-market recovery
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Global oil demand won’t meaningfully recover for at least 18 months, said the heads of the world’s biggest independent trading houses.

Speaking at the FT Commodities Global Summit on Tuesday, some of the most influential people in the oil market offered a dim outlook.