Opec maintains 2022 outlook and expects oil demand to surge beyond pre-Covid levels – The National

Opec maintains 2022 outlook and expects oil demand to surge beyond pre-Covid levels – The National

Opec, the crude oil exporters' group, maintained its outlook for oil demand in 2022 and continues to see consumption surging above pre-pandemic levels in 2022, it said in its latest monthly market report.

The Vienna-based group maintained its oil demand forecast for next year, keeping it unchanged at 100.8 million barrels per day, amid continuing growth for the global economy.

Opec attributed its forecast to improved economic activity, as "pandemic-related risks" are well managed dowing ue to higher vaccination rates and better treatment for those infected.