Oil demand to rise above pre-pandemic levels in 2022

January 19, 2022

Demand for oil is expected to rise this year as governments move away from lockdowns and enable economic activity. “At the current speed of transmission, a large part of the population will likely have gained immunity by infection or vaccination by the end of the first quarter,” the International Energy Agency said. “As a result, restrictions to mobility could be minimal in the second half of the year.”

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