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

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

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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