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Tuesday, April 23
What we can do is what we have always done – and that is to continue collaborating through DoC actions to help support market stability and economic growth.” Barkindo described the month of April 2020 as perhaps the darkest and most sudden downturn in the history of the oil industry when global oil demand dropped by more than 20 million barrels a day (mb/d), and industries and populations locked down.
“Global oil demand growth for 2021 remains similar to last month, at 5.7 mb/d, but 2022 growth has been revised down by 0.5 mb/d to stand at 3.7 mb/d.
He added that the assessment for 2022 had dropped from 4.2 per cent to 3.9 per cent taking into account the implications of the conflict in Ukraine, as well as the ongoing effects of the pandemic..
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