Vitol CEO Hardy Sees Oil Demand Hitting Record in Second Half of Year

The transcript discusses the company's strong performance despite challenges, future projections, and the impact of energy consumption changes in Europe. It also covers China's market reopening, focusing on oil and LNG markets, and the expected growth in aerospace demand.

What was the company's performance like over the past year?

• The company did not face any challenges.

• The company's performance was average.

• It was a weak year with many challenges.

• The company had a strong year despite challenges.

What has contributed to the improved supply-demand situation in Europe?

• More energy imports

• Reduced energy consumption and favorable weather

• Higher energy prices

• Increased energy consumption

How much less energy did European consumers use this winter compared to usual?

• 30% less

• 23% less

• 13% less

• 10% less

What is the primary focus of China's reopening in the energy market?

• Gas and power

• Oil and aerospace

• Coal and nuclear

• Renewable energy

How is the demand in the aerospace sector expected to change?

• It will be lower than 2018 levels.

• It will remain the same as 2019.

• It will decrease compared to 2019.

• It is expected to exceed 2019 levels.