OPEC Monthly Report: World Oil Demand to Rise by 3.28M BPD in 2022

In its latest monthly report, OPEC said that it expects the world oil demand to rise by 3.28 million barrels per day to 99.6 million barrels per day in 2022, per Reuters.

“World oil demand in 2022 to reach comparable pre-pandemic levels.”

“OPEC sticks to forecast 2021 world oil demand will rise by 5.95 million barrels per day.”

“Non-OPEC oil supply growing by 2.1 million barrels per day in 2022, led by the US.”

“OPEC oil output rose by 590,000 barrels per day in June to 26.03 million barrels per day.”

“Global demand for OPEC’s crude at 28.7 million barrels per day in 2022, up 1.1 million barrels per day from 2021.”