Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA
16:18 19.01.2022 6588
Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).
The agency sees a tighter market than previously thought as demand has been hit surprisingly little by the omicron strain of COVID-19 while supply has been held back by disruptions.
Global market surpluses are shrinking this year, and oil demand, up slightly from last month, is approaching a pre-pandemic level of 99.7 million b/d, the IEA said in a monthly report. At the same time, supplies have been tight as the OPEC+ coalition struggles to restore stalled production, and producers elsewhere suffer from a series of disruptions, reducing spare capacity.
As the number of omicron cases rises worldwide, demand for oil exceeded all expectations in the fourth quarter, the report says. 2021, an increase of 1.1 million b/d to 99 million b/d.
“A seasonal decline in demand is expected in 1 quarter of 2022, exacerbated by more remote work and less air travel. We have raised our estimates of global demand by 200 kb/d for 2021 and 2022, leading to an increase of 5.5 million b/d c and 3.3 million b/d, respectively, due to softer COVID restrictions,” the IEA writes.
According to analysts, in 2021 the demand for oil will be 96.4 million b/d, and in 2022 – 99.7 million b/d.
Serdar Berdimuhamedov: the interests of Turkmenistan and the SCO coincide in terms of strategic parameters
The interests of Turkmenistan and the SCO coincide in strategic parameters, said Vice-Chairman of the Cabinet of Ministers of Turkmenistan Serdar Berdimuhamedov, speaking on Thursday on the digital system at the 20th meeting of the Council of Heads of Government of the Shanghai Cooperation Organization member states.
Construction is progressing
Since the number of various types of equipment is increasing every year, their uninterrupted supply of fuel and lubricants is becoming an urgent issue. In our country, intensive work to successfully resolve this issue is underway. Within the framework of the approved programs, local refineries will be reconstructed and new filling stations will be built.
Prospects for cooperation in the fuel and energy sector were discussed with BOTAŞ
On December 6, a meeting was held in Ashgabat between the management of the Turkmengas State Concern and a delegation from Turkey headed by Abdulvahit Fidan, Director General of BOTAŞ. The Turkmen side was led by Maksat Babayev, State Minister of Turkmenistan and Chairman of the Turkmengas State Concern.
Hero-Arkadag: There are great prospects for wide-format cooperation with Afghanistan
with the commissioning of facilities and laying new ones between Turkmenistan and Afghanistan, great prospects for wide-format cooperation open up. This was announced on September 11 at the ceremony of commissioning and starting of the construction of a number of infrastructure facilities with the participation of Afghanistan.
Turkmenistan is one of the three leaders in the supply of gasoline to Uzbekistan
Turkmenistan became one of the three largest suppliers of automotive fuel to Uzbekistan. In January-October, the export of Turkmen fuel to Uzbekistan amounted to 136 million liters of gasoline, the State Statistics Committee of Uzbekistan reports.