Fuel-Demand Rationing Measures May Be Needed, BofA’s Blanch Says

Demand-rationing measures may be needed around the world to tame record fuel prices amid low inventories in the wake of sanctions against Russia, said Francisco Blanch, head of global commodities and derivatives research at Bank of America Corp.

“We are tight on every front,” Blanch said Thursday in a Bloomberg Television interview. “We should start thinking about demand-rationing measures,” including eliminating fuel subsidies and limiting speed on highways.

Global energy prices have surged this year as demand ramped up following a pandemic-induced pullback and Russia’s invasion of Ukraine that further strained fuel markets. Russia is the world’s second-largest ...