BAKU, Azerbaijan, March 15
By Leman Zeynalova – Trend:
Europe’s oil demand is expected to stand at 13.6 million barrels per day (mbd) in 2021, as compared to 13.1 mbd in 2020, Trend reports citing the JP Morgan Bank.
The Bank expects Europe’s quarterly oil demand in 2021 to be equal to 12.7 mbd in Q1, 13.4 mbd in Q2, 14.3 mbd in Q3 and 14.2 mbd in Q4.
Europe’s oil demand will amount to 12.1 mbd in January, 13.0 mbd in February, 13.1 mbd in March, 13.0 mbd in April, 13.2 mbd in May, 13.9 mbd in June, 14.3 mbd in July, 14.2 mbd in August, 14.4 mbd in September, 14.4 mbd in October, 14.1 mbd in November and 14.0 mbd in December.
As for 2022, Europe’s oil demand is expected to reach 14.0 mbd with 13.7 mbd in Q1, 13.9 mbd in Q2, 14.4 mbd in Q3 and 14.1 in Q4.
Monthly oil demand forecasts for 2022 are as follows: 13.6 mbd in January, 14.1 mbd in February, 13.6 mbd in March, 14.1 mbd in April, 13.7 mbd in May, 14.0 mbd in June, 14.7 mbd in July, 14.3 mbd in August, 14.2 mbd in September, 14.4 mbd in October, 14.1 mbd in November and 13.7 mbd in December.
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