HomeEconomyGlobal oil demand in 2022 surpassed the pre-pandemic level

Global oil demand in 2022 surpassed the pre-pandemic level

At more than 101 million barrels per day, oil demand surpassed its pre-Covid level in the last quarter of 2022.

Global oil demand has recovered and even exceeded pre-pandemic levels by the end of 2022, according to figures released Tuesday by the Organization of the Petroleum Exporting Countries (OPEC), which forecasts higher demand growth in 2023 driven by China.

As climate change accelerates, the consumption of fossil fuels responsible for global warming does not weaken, on the contrary: in the last quarter of 2022, the world demand for oil estimated by the cartel crossed the 100 million bar. barrels per day, at 101.17 million barrels per day, a figure higher than the average demand estimated by OPEC for 2019 at 99.76 mb/d.

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Author: Frederic Bianchi with AFP
Source: BFM TV

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