Global oil demand is expected to reach a record 101.7 million barrels a day this year, well above pre-pandemic levels, according to a report released by the International Energy Agency (IEA) on January 18, local time.In its report, the IEA said it has raised its forecast for global oil demand growth

The Organization of the Petroleum Exporting Countries (OPEC) has cut its forecast for world oil demand growth in 2022 for the fourth time since April and cut its forecast for next year, Irish national Radio reported on Oct 13. Demand is expected to increase by 2.64 million barrels a day, or 2.7 perc