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

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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