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| OPEC+ says oil demand may reach pre-pandemic level in 2022 | OPEC+ says oil demand may reach pre-pandemic level in 2022 |
| (about 1 month later) | |
| The Organization of the Petroleum Exporting Countries (OPEC) and allied producers project global oil demand to grow by six million barrels a day in the second half of 2021, reaching pre-pandemic levels by next year. | The Organization of the Petroleum Exporting Countries (OPEC) and allied producers project global oil demand to grow by six million barrels a day in the second half of 2021, reaching pre-pandemic levels by next year. |
| According to the July report, global oil demand may surge to about 96.6 million barrels a day. The indicator is expected to grow by some 3.3 million barrels a day, surpassing the 100 million barrels a day mark in 2022. | According to the July report, global oil demand may surge to about 96.6 million barrels a day. The indicator is expected to grow by some 3.3 million barrels a day, surpassing the 100 million barrels a day mark in 2022. |
| At the same time, the forecast for growth in oil supply from non-OPEC countries has been lowered by 30,000 barrels to about 63.8 million barrels a day. | At the same time, the forecast for growth in oil supply from non-OPEC countries has been lowered by 30,000 barrels to about 63.8 million barrels a day. |
| The organization sees Canada, Norway, Brazil, China and Guyana at the forefront of the predicted increase, while the United States is forecast to raise production of liquid hydrocarbons by a mere 0.06 million barrels a day. | The organization sees Canada, Norway, Brazil, China and Guyana at the forefront of the predicted increase, while the United States is forecast to raise production of liquid hydrocarbons by a mere 0.06 million barrels a day. |
| The report predicts that gasoline and diesel will also rise in demand during a post-pandemic recovery in freight traffic and increasing population mobility, especially so in the United States, China and India. | The report predicts that gasoline and diesel will also rise in demand during a post-pandemic recovery in freight traffic and increasing population mobility, especially so in the United States, China and India. |
| The forecast is similar with regard to aviation fuel, with the number of domestic and international flights gradually rising. | The forecast is similar with regard to aviation fuel, with the number of domestic and international flights gradually rising. |
| OPEC+, however, notes that the continued spread of the coronavirus and its impact on the growth of the global economy may affect the figures unpredictably. | OPEC+, however, notes that the continued spread of the coronavirus and its impact on the growth of the global economy may affect the figures unpredictably. |
| OPEC+ countries in June increased oil production by 586,000 barrels a day, returning to the market some 26 million barrels daily which they cut during the worst of the pandemic. | OPEC+ countries in June increased oil production by 586,000 barrels a day, returning to the market some 26 million barrels daily which they cut during the worst of the pandemic. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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