Global oil’s comeback in 2021 presages more strength in 2022

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For 2022, crude consumption is expected to reach 99.53 million barrels per day (bpd), up from 96.2 million bpd this year, according to the International Energy Agency Topics Global oil output | OPEC | Oil demand Reuters  Last Updated at December 23, 2021 15:30 IST Global oil demand roared back in 2021 as the world began to recover from…Continue Reading

Global oil’s comeback year presages more strength in 2022

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NEW YORK: Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and overall world consumption potentially could hit a new record in 2022 – despite efforts to bring down fossil fuel consumption to mitigate climate change. Gasoline and diesel use surged this year as consumers resumed travel…Continue Reading