World’s Largest Oil Trader Expects Strong Demand Rebound This Year ...Middle East

Global oil demand is set for a rebound between now and the end of next year, with consumption expected to rise from current levels by as much as 8 million barrels per day (bpd) by end-2022, according to the world’s largest independent oil trader, Vitol Group. “We will need all eight cylinders to get through 2022,” Vitol’s chief executive Russell Hardy told Bloomberg in an interview published on Tuesday.  Currently, oil demand is somewhere 3.5 million bpd below the “normal” levels of 2019, when consumption…

Hence then, the article about world s largest oil trader expects strong demand rebound this year was published today ( Tuesday 20/04/2021 - 06:01 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( World’s Largest Oil Trader Expects Strong Demand Rebound This Year )

Also on site :

• Starmer Out, Burnham In: What Changes for UK Energy Policy?
• Big Tech’s $3 Trillion Struggle to Secure Enough Electricity
• The Era of Cheap U.S. Natural Gas May Be Coming to an End