Stronger economic growth and the easing of COVID restrictions make the near-term prospects for global oil demand bright, with an upside potential, OPEC said on Thursday, keeping its forecast that consumption will exceed pre-pandemic levels in 2022. In its closely-watched Monthly Oil Market Report (MOMR), the organization revised up slightly, by 10,000 bpd, its annual oil demand estimate for 2022 to 100.
8 million bpd, up from 100.79 million bpd in last month’s report. Estimates for the third and fourth quarter of 2022 were revised up by 30,000…OPEC Sees Bright Prospects For Global Oil Demand This Year
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