Commodities

OPEC keeps 2022 global demand outlook unchanged

2022-01-18 15:33:29 GMT (Economies.com)

OPEC reported today keeping its 2022 demand growth forecast unchanged, despite concerns about the coronavirus pandemic and Omicron.

 

OPEC stated that global demand for oil in 2021 reached 96.6 million barrels per day, which is the same as previous estimates.

 

The organization kept its projection for 2022 unchanged, with a growth of 4.2 million bpd, and the total global demand to 100.8 million bpd.

 

Bear in mind that OPEC's oil output rose by 166,000 bpd in December, and reached a total of 27.88 million bpd.

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