Asian countries have put new Covid-19 restrictions in place, which could delay a rebound in global oil demand, Energy Aspects analyst Amrita Sen told CNBC.
Don't expect global oil demand to return to 2019 levels until Covid-19 is contained in Southeast Asia, Energy Aspects analyst Amrita Sen told CNBC.
"Chinese demand is booming, but as we know India is struggling. A lot of other Asian countries are going back into lockdowns of some form," she said in a "Closing Bell" interview. "Vaccination rates are low there, so we need Asia to get vaccinated," Sen said. "That's when globally demand can get back to 2019 levels."Travel is picking up in the United States and Europe, but the rebound in global oil demand hinges on Covid-19 response in Asian markets, according to Energy Aspects analyst Amrita Sen.
New Covid restrictions are going in place in Southeast Asia, and it could delay a full return in demand for crude until the middle of 2022, she said in an appearance on CNBC's ""Chinese demand is booming, but as we know India is struggling. A lot of other Asian countries are going back into lockdowns of some form," Sen said Tuesday.
While India continues to grapple with a crippling second wave of Covid-19, new daily case counts have surged elsewhere in the region. In the past month, total cases in Thailand, Vietnam, Cambodia and other countries have more than doubled,
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