IEA predicts global oil demand to surpass pre-pandemic level

The International Energy Agency (IEA) believes that global oil demand will surpass pre-pandemic levels by the end of 2022. The announcement was made through a report of the agency last Friday (11).

"Global oil demand will continue to recover and by the end of 2022 will exceed pre-covid levels," the IEA said. However, the organization says that the slowness of vaccination campaigns can affect recovery in some less developed nations, compared to others. "The recovery will be uneven both between regions and between sectors and products," he points out.

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