Oil prices surged after Pfizer (PFE) and BioNTech (BNTX) announced promising results for a COVID-19 vaccine trial, offering fresh hope that fuel demand will rebound with normalized travel. However, a demand recovery for the hard-hit commodity could be stalled until mid-2021 as higher prices spur increased output and a critical mass of vaccines remains distant. …
The post COVID-19 vaccine-fueled oil recovery unlikely to start until mid-2021: analysts first appeared on Hellenic Shipping News...