Post-Pandemic Life Brings Boost to Oil Demand

Matthew Rigdon, Executive VP and COO

Global oil demand continues to recover following COVID and as China‚Äôs pandemic related restrictions are lifted. The International Energy Agency (IEA) is forecasting global oil demand to increase by 1.9 million barrels per day to 101.7 million barrels. Nearly half of this increase in demand will come from China as a result of the lifting of their COVID…