BAKU, Azerbaijan, Nov.30
By Leman Zeynalova – Trend:
World oil demand is expected to stand at 99.8 million barrels per day (mbd) in 2022, as compared to 96.4 mbd in 2021, Trend reports citing the JP Morgan Bank.
The Bank estimates that the world oil demand in 2021 equaled to 93.3 mbd in Q1, 95.2 mbd in Q2, 97.9 mbd in Q3 and is expected 99 mbd in Q4.
JP Morgan notes that world oil demand amounted to 91.9 mbd in January, 92.9 mbd in February, 95.2 mbd in March, 94.1 mbd in April, 94.1 mbd in May, 97.5 mbd in June, 96.7mbd in July, 97.9 mbd in August and 99.1 mbd in September, 98.0 mbd in October. The demand for November and December will stand at 99.5 mbd each.
As for 2022, world oil demand is expected to reach 98.3 mbd in Q1, 99 mbd in Q2, 101 mbd in Q3 and 101 in Q4.
Monthly oil demand forecasts for 2022 are as follows: 97.6 mbd in January, 99.6 mbd in February, 97.7 mbd in March, 98.9 mbd in April, 98.3 mbd in May, 99.9 mbd in June, 101.4 mbd in July, 101.6 mbd in August, 99.9 mbd in September, 100.5 mbd in October, 101.3 mbd in November and 101.1 mbd in December.
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