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BP forecasts oil demand recovery time

 Last Update: 2021-10-20
 Source: Internet
 Author: User

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Recently, BP released a report saying that global oil consumption is expected to return to the level before the spread of the new crown pneumonia epidemic in the third quarter of 2022

Eugene Leong, president of BP Singapore, said that oil demand in 2022 is expected to increase by an average of 3.

With the increase in vaccination rates and the relaxation of mobility restrictions, oil prices and consumption will rebound rapidly in 2021

However, Leong said there are still uncertainties in the oil market

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