Opec: Oil Demand Will Rise to a Record In 2021

OPEC reported in its monthly report that global oil demand will rise to a record level of 7M bpd in 2021 as the economy recovers from Covid-19 crisis, but will remain below 2019 levels.

This is the first report in which OPEC evaluates the oil markets next year and said that the expectations ruled out other risks in 2021 such as trade tensions between the United States and China, high debt levels, or a second wave of the virus.