Oil barrels

Global oil demand is expected to return to pre-pandemic levels by the end of 2022, the Paris-based International Energy Agency (IEA) said.

 

The IEA forecasts that demand will grow by 5.4 million barrels per day (bpd) this year and a further 3.1 million bpd in 2022, to average 99.5 million bpd next year.

 

It expects global oil supply to grow at a faster rate in 2022.

 

"The recovery will be uneven not only amongst regions but across sectors and products. While the end of the pandemic is in sight in advanced economies, slow vaccine distribution could still jeopardise the recovery in non-OECD countries," the agency said.

 

Moreover, Opec+ will have the room to boost crude oil production by 1.4 million bpd above its July 2021-March 2022 target to meet demand growth," the agency said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request