Brazil Is a Lone Bright Spot for Oil Demand Outside of Asia
Brazil is providing one of the few bright spots for oil demand outside of Asia with the coronavirus continuing to ravage the U.S. and Europe.
Fuel consumption in Latin America’s largest economy has already surpassed pre-virus levels and is expected to be stronger than 2019 going into next year on the back of robust agricultural demand and more driving.
By Lucia Kassai via Bloomberg