Total CEO upbeat on demand rebound but preparing for long recovery

摘要

London—Global oil demand should rebound as the coronavirus crisis lifts but the oil industry must still prepare for an extended period of low prices as inventories levels hit record highs, Total CEO Patrick Pouyanne said Thursday. As the world faces its biggest oil supply glut in history due to demand collapsing over lockdowns and key producers struggling to agree on new production curbs, oil stocks are widely expected to reach capacity during May.