Opec keeps forecast for 2022 oil demand to exceed pre-pandemic levels ...Qatar

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Opec has stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Russia’s invasion of Ukraine and developments around the coronavirus pandemic pose a considerable risk. In a monthly report released yesterday, the Organisation of the Petroleum Exporting Countries (Opec) maintained its forecast that world oil demand would rise by 3.36mn barrels per day (bpd) in 2022, extending a recovery from 2020’s slump. The Ukraine war sent oil briefly above $139 a barrel in March, the highest since 2008, worsening inflationary pressures. Covid lockdowns in China, where a Beijing outbreak has prompted the resumption of mass testing, have curbe

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Opec keeps forecast for 2022 oil demand to exceed pre-pandemic levels ...Qatar

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