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IEA: Global 2022 oil production rise to be nearly twice increase in demand
The world-wide increase in oil production will see a rise from 1.5 million barrels per day (bpd) in 2021 to 6.4 million bpd in 2022, according to the International Energy Agency’s latest review of oil markets. In contrast, demand for oil will slow – from 5.4 million bpd to 3.3 million bpd over the same period.
16.12.2021