Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic, Royal Dutch Shell CEO Ben van Beurden said on Thursday.
“Demand will take a long time to recover if it recovers at all,” van Beurden told reporters after the Anglo-Dutch energy company reported a sharp drop in second-quarter profit.
Shell expects aviation fuel consumption to recover to 50% of pre-crisis levels by the end of 2020, he said.
“The aviation sector is down and will remain down for some time to come.”
Tags Ben Van Beurden Reuters International News Agency Royal Dutch Shell
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