Increased use of cars, helps oil market

Even with the easing of measures to confine and reopen economies in some countries, most of the population still feels afraid to take public transport due to agglomerations. In this way, many are preferring to use the cars to move, which has given a certain short-term relief to the oil market and made demand for gasoline recover gradually. 

"At least at the beginning of the road back to normality, we expect a decrease in the use of public transport," said Josu Jon Imaz, ceo of Spanish oil company Repsol SA. 

According to Bloomberg data in Beijing, Shanghai and Guangzhou, morning traffic is higher than 2019 averages and subway use, for example, is well below normal. But for now, it's too early to say whether global demand for gasoline will make a full recovery. 


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