Oil Demand to Surpass Pre-COVID Levels in 2022

Morningstar analysts find prudently constraint supply and sustained demand are backing oil prices and estimate a full recovery in demand in 2022.

Kate Lin, CAIA 07 June, 2021 | 8:00
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Lat week, Morningstar analyst David Meats released his latest oil market update. “We have slightly lowered our 2021 demand forecast to account for the coronavirus pandemic situation in India, but 2022 demand remains unchanged and above 2019 levels. In 2023, we expect record-high global oil demand of 101.7 million barrels a day,” he says.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
China Petroleum & Chemical Corp Class H3.87 HKD-1.78Rating

About Author

Kate Lin, CAIA

Kate Lin, CAIA  is a Data Journalist for Morningstar Asia, and is based in Hong Kong

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