London — Global oil demand is likely to be around 96 million barrels per day (bpd) in the winter months and then rise to about 101 million bpd in the fourth quarter of 2021, bringing it close to demand at the end of 2019, the head of Vitol Group said.
Russell Hardy, chief executive of Vitol Group, also told the Reuters Commodity Trading Summit on Tuesday that he expected oil prices to reach $50 a barrel in 2021.
Benchmark Brent crude was trading around $42 a barrel on Tuesday.
(Reporting by Julia Payne; Writing by Edmund Blair)
