06132021Sun
Last updateFri, 11 Jun 2021 4pm

End-User News

Consensus: No Oil Demand Recovery Until at Least 2022

“Global oil demand won’t return to 2019 levels until at least 2022 and the gap may be getting wider than it seemed a month ago,” Bloomberg reports.

“All three of the world’s main oil forecasting agencies — the International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries — published new quarterly forecasts this week and none project oil demand back at 2019 levels by the end of next year.”

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