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bp said global oil demand has exceeded 100 million barrels per day

 Last Update: 2021-11-13
 Source: Internet
 Author: User

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According to the news of World Petroleum on November 2, according to BP, as world leaders discuss the fight against climate change, global oil demand has rebounded above the critical level of 100 million barrels per day before the epidemic

Despite the increasing urgency of efforts to curb greenhouse gas emissions, the consumption of fossil fuels is recovering

This is a boon for bp and its peers.

bp’s CFO Murray Auchincloss said on Tuesday’s conference call: “Sometime next year we will exceed the level before the epidemic

Although air travel has not fully recovered from the epidemic, oil production has soared to 100 million barrels per day

The last time consumption was so high, the US shale drilling company was fully exploiting, while OPEC and its allies only held modest capacity reserves

The situation today is very different

According to data from Goldman Sachs, the result is a global supply shortage of approximately 2.

　　Goldman Sachs oil analyst Damien Courvalin said in a report: "The winter seasonality and the recovery of international aircraft demand" means that consumption will reach a record high in the beginning of next year

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