With The Prospect Of The End Of The Pandemic, Global Oil Demand Is Expected To Reach Pre-Pandemic Levels Early Next Year

Written by Fabio Lucas Carvalho

Published on 27/09/2021 at 23:51

Imagem de drpepperscott230 por Pixabay

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Experts Believe That Global Oil Demand Will Return to Pre-Pandemic Levels by the End of the First Quarter of 2022

According to a report by Reuters, at a conference this Monday, producers and traders highlighted their optimism about the growth of oil demand next year.

The expectation is that as the global economy recovers from the damage of the pandemic, the Global Oil Demand will return to pre-pandemic levels. The maximum deadline stipulated is the end of the first quarter of 2022. The forecast aligns with what the Organization of the Petroleum Exporting Countries (OPEC) thinks.

pandemia, petróleo, demanda, pandemia — ***Image of an oil refinery in the background. Photo by William Picard from FreeImages***

Oil Demand Will Increase

Global oil demand is expected to rise and reach 100 million barrels per day by the end of this year or by the end of the first quarter of next year, said Greg Hill, Chairman of Hess Corp. According to the International Energy Agency (IEA), the world was consuming 99.7 million barrels of oil per day until 2019.

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With The Prospect Of The End Of The Pandemic, Global Oil Demand Is Expected To Reach Pre-Pandemic Levels Early Next Year

Experts Believe That Global Oil Demand Will Return to Pre-Pandemic Levels by the End of the First Quarter of 2022

Oil Demand Will Increase

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With The Prospect Of The End Of The Pandemic, Global Oil Demand Is Expected To Reach Pre-Pandemic Levels Early Next Year

Experts Believe That Global Oil Demand Will Return to Pre-Pandemic Levels by the End of the First Quarter of 2022

Oil Demand Will Increase

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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