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When travel demand returns, oil price will strengthen: Former Shell Oil president

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Former Covering Oil President John Hofmeister anticipates need for oil will reach 'pre-COVID levels' as well as 'as that returns, we'll see a fortifying of the oil cost.'

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When travel demand returns, oil price will strengthen: Former Shell Oil president

Former Shell Oil President John Hofmeister predicts demand for oil will reach 'pre-COVID levels' and 'as that comes back, we'll see a strengthening of the oil price.'

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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