July 14, 2020 – Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly report.

OPEC Logo - Image Credit: Maxim Grebeshkov

It was the first report in which OPEC assessed oil markets next year. It said the forecast assumed no further downside risks materialized in 2021 such as U.S.-China trade tensions, high debt levels or a second wave of coronavirus infections.

http://www.oedigital.com/news/480151-opec-expects-record-rise-in-oil-demand-in-2021?utm_source=AOGDigital-ENews-2020-07-14&utm_medium=email&utm_campaign=OEDigital-ENews

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