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Strategies & Market Trends : Crash, When will it come ?
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From: Qualified Opinion12/10/2021 6:27:50 PM
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EIA (U.S. gov't org. usually too low)

Excerpt from EIA:

We estimate that 99.7 million b/d of petroleum and liquid fuels was consumed globally in November, a 4.9 million b/d increase from November 2020 but 1.1 million b/d less than in November 2019. We revised down our forecast of consumption of petroleum and liquid fuels for 4Q21 and 1Q22, partly as a result of recently announced travel restrictions following reported outbreaks of the Omicron variant of COVID-19. The potential effects of the spread of this variant are uncertain, which introduces downside risks to the global oil consumption forecast, particularly for jet fuel. We forecast that global consumption of petroleum and liquid fuels will average 96.9 million b/d for all of 2021, which is a 5.1 million b/d increase from 2020. We forecast that global consumption of petroleum and liquid fuels will increase by 3.5 million b/d in 2022 to average 100.5 million b/d.
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