OPEC sees record rise in global oil demand in 2021

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OPEC sees oil demand soaring in 2021 but still below 2019

It was the first report in which OPEC assessed oil markets next year. It said the forecast assumed no further downside risks materialised in 2021 such as U.S.

-China trade tensions, high debt levels or a second wave of coronavirus infections.major economies, allowing for recovery in private household consumption and investment, supported by the massive stimulus measures undertaken to combat the pandemic,” OPEC said.

 

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I believe that the era of OPEC is coming to a halt. The American Continents now got oil as well as ethenol, Russia can easily supply China and Europe says it´s going carbon free !, that will live OPEC to suffucated in their own worthless pool of oil !

Soaring? Or do you mean going back to normal demand if economies get back on tap?

The genocide of Uyghur Muslims is happening right now in China.

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