VEA viva energy group limited

News: VEA Australia's Viva Energy sees fuel demand recovering to pre-COVID levels by 2024

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    MELBOURNE, Nov 24 (Reuters) - Australia's Viva Energy (VEA) , one of two remaining oil refiners in the country, expects fuel demand to return to pre-COVID levels by 2024, its boss said on Wednesday.

    "We expect a recovery to pre-COVID levels by 2024," Chief Executive Scott Wyatt told analysts at a strategy briefing.

    Viva and its rival Ampol Ltd (ALD) , operators of Australia's last two refineries, have been hammered by pandemic lockdowns across the country over the past 20 months but are now seeing a rapid recovery in fuel demand with curbs mostly eased and air travel picking up.

 
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