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Recently, the International Energy Agency (IEA) stated that global oil demand will return to the high point before the new crown pneumonia epidemic by the end of next year, but the slow progress of vaccination in emerging economies may also postpone this expectation
.
IEA said that although global oil demand in the last quarter of 2022 is expected to reach 100.
6 million barrels per day for the first time since the end of 2019, it will also significantly lower its forecast for the recovery of global oil demand in the second half of this year
.
This is due to the slow progress of vaccination in countries such as Brazil, India and Malaysia.
At the same time, the world has finally consumed a large amount of excess oil supply accumulated during the epidemic last spring
.
According to the IEA, in May this year, oil inventories in developed countries fell below the average level of the five years before the outbreak for the first time in more than a year, the lowest level since February 2020
In terms of oil supply and demand, the IEA stated that after U.
S.
oil production declines in 2020 and 2021, U.
S.
producers are preparing to increase production by 900,000 barrels per day next year, while other non-OPEC oil-producing countries will further add 700,000 barrels to the market.
/Day supply
.
However, Iran's supply status is still an unknown to global oil-producing countries
