Driven by fuel demand in Asia, oil demand worldwide is expected to rise to the levels before the pandemic in the third quarter of 2022, a senior executive at BP told Bloomberg on Tuesday. Next year, global oil demand is set to grow by an average of 3.8 million barrels per day (bpd) compared to 2021, when the growth is estimated at 5.
4 million bpd from 2020, Eugene Leong, president of BP Singapore, told Bloomberg. BP’s estimate of when demand will be back to pre-COVID levels is somewhat more conservative than the views of some U.S. oil producers…BP Expects Oil Demand To Return To Pre-Crisis Level In Autumn 2022
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