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According to Anadolu News on May 13, the International Energy Agency (IEA) said on Wednesday that based on expectations that vaccination activities continue to expand and the epidemic has been basically controlled, global oil demand is expected to increase by 6% this year.
The IEA stated in its monthly oil report that after the global daily demand for oil decreased by 8.
The agency warned that the recovery in global oil demand is still fragile as the surge in coronavirus cases in countries such as India and Thailand has offset recent more positive trends in Europe and the United States.
EIA pointed out that consumption is still below the end of 2020, which to a large extent also reflects seasonal patterns.
In 2021, the Asia-Pacific region is expected to have the highest oil consumption at 35.
In April, OPEC crude oil production reached 25.
Non-OPEC oil production also increased by nearly 370,000 barrels per day, reaching 63.
Cao Haibin excerpted from Anadolu News
The original text is as follows:
Global oil demand to surge 6% in 2021: IEA
Global oil demand is forecast to increase 6% this year based on expectations that vaccination campaigns continue to expand and the pandemic largely comes under control, according to the International Energy Agency (IEA) on Wednesday.
Having contracted by 8.
The agency warned that the recovery in global oil demand remains fragile as surging Covid cases in countries such as India and Thailand offset recent more positive trends in Europe and the US.
Pointing that the consumption is still lower than at the end of 2020, the EIA said the decline also reflects to a large extent seasonal patterns and the Covid outbreaks registered in Brazil, India and Europe, as well as February's freezing weather in the US contributed to a slower recovery in global demand.
In 2021, the highest consumption is forecast to be in the Asia Pacific region with 35.
OPEC crude oil production reached 25.
Non-OPEC production also saw an increase of almost 370.
