• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Oil Demand to Hit Pre-Pandemic Levels in 2022, Says IEA. Unequal Recovery Possible Due to COVID Resurgence

June 11, 2021 by Forex Winner Leave a Comment

Oil Demand to Hit Pre-Pandemic Levels in 2022, Says IEA. Unequal Recovery Possible Due to COVID Resurgence

The International Energy Agency forecasts global oil demand in 2022 to reach levels before the pandemic hit.

Source: Markets Insider

  • The IEA expects global demand to grow 3.1 million barrels per day to reach 100.6 million bpd in 2022. Growth for 2021 is 5.4 million bpd.
  • The IEA believes recovery will not be even as the pandemic continues to hit countries with slower vaccination rates.
  • Fuel orders will be affected by continued remote working arrangements in OECD where sales for electric vehicles are higher and impact growth.
  • Supply will grow faster in 2022 due to the expected recovery of the United States from two years of production declines.
  • Demand for jet fuel and kerosene at the end-2022 will still be 11% lower than pre-pandemic levels.
  • Demand for liquefied petroleum gas and ethane will climb 5% versus pre-pandemic levels while gasoline and diesel will rebound. 
  • The OPEC+ partners will likely supply an additional 1.4 million bpd while non-OPEC countries will produce 1.6 million bpd.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Man charged in New York with 3-week kidnapping to try to steal Bitcoin

May 30, 2025

Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

May 29, 2025

Second suspect in New York bitcoin kidnapping surrenders to police

May 28, 2025

Footer

Forex Broker Reviews

ufx

UFX Review

November 18, 2019 By Forex Winner

FXChoice

FXChoice Review

April 23, 2019 By Forex Winner

Trading 212

Trading 212 Review

April 25, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure