Global oil demand growth is expected at 2.5 million barrels per day (bpd) this year and 2.2 million bpd next year, OPEC said on Tuesday, leaving the previous month’s estimates unchanged, on hopes of easing of Covid curbs in China. World oil demand growth in 2022 is expected to remain at 2.5 million bpd, with total demand averaging 99.
6 million bpd, the same as last month’s assessment, OPEC said in its closely-watched Monthly Oil Market Report (MOMR) today. “Renewed lockdowns in China weighed heavily on oil demand, with…OPEC Leaves Global Oil Demand Outlook Untouched
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