World oil thirst will surpass pre-pandemic levels next year, with improved vaccination rates and increased public confidence in government management of Covid-19 that favors travel recovery, said the Organization of the Petroleum Exporting Countries on Monday.
In its monthly monitored market report, OPEC raised its global oil demand forecast for 2022 by just under a million barrels a day to 100.8 million barrels a day, above demand. of 2019 of 100.3 million barrels. OPEC had previously forecast a return to 2019 demand levels in the second half of next year, but Monday’s report was the first time the cartel said it expects demand to exceed pre-demand levels. Covid-19 all year round.