22 Jul 2020

JBC in the Media - OilPriceDotCom

Oil Holds At 4-Month High Despite Jump In COVID-19 Cases

"The latest data from India shows an 18 percent decline in diesel demand in the first half of July compared to the same period in June, according to JBC Energy. Roughly 30 percent of the country is in lockdown, affecting more than 400 million people.

'The key question now is how much longer governments will wait before implementing new lockdown measures, and just how strict these will be,' JBC Energy said in another note. 'The US is also approaching the turning point where individual states will have to decide how much economic pain they are willing to take in order to slow the spread of the virus.'"