OPEC expects oil demand in 2022 to exceed pre-pandemic level

       According to "The National", OPEC expects that the oil demand will exceed the pre-epidemic level in 2022, reaching 108 million barrels a day.

     OPEC published in its latest monthly report: "with the further improvement of vaccination rate and public confidence in epidemic control, oil demand will further recover in 2022". OPEC expects global crude oil consumption will reach 96.7 million barrels a day this year. 

      According to Bank of America, if the winter in the northern hemisphere is colder than before this year, oil price may reach $100 per barrel by the middle of next year.

                     Article reprinted from oil.in-en.com