LONDON, September 13 (Hfrance.fr) - OPEC on Monday reduced its forecast for world oil demand for the last quarter of 2021 due to the Delta coronavirus variant, claiming that a further recovery would be partially delayed until next year, when consumption exceeds pre-pandemic rates.
The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report that it expects oil to demand 99.70 million barrels per day (bpd) on average in the fourth quarter of 2021, down 110,000 bpd from last month's forecast.
"The Risk increased COVID-19 cases primarily fueled by the Delta variant darkens the outlook for oil demand in the last quarter of the year, "OPEC said in the report.
"As a result, oil demand in the second half of 2021 has been adjusted slightly downward, partially delaying the recovery of oil demand in the first half of 2022. "
Governments, businesses and traders are closely monitoring how quickly oil demand is recovering from the year 's crash A faster comeback could push up prices and challenge the view that the impact of the pandemic could dampen consumption for longer or for good.
Despite the fourth-quarter downgrade, OPEC said global oil demand for the whole of 2021 will increase by 5.96 million bpd, virtually unchanged from last month.
The growth forecast for 2022 was adjusted to 4.15 million b / d, compared to 3.28 million b / d in last month's report and an estimate of 4.2 million bpd given by OPEC sources at the group 's last meeting on September 1. find out more
"The pace of the recovery in oil demand is now assumed to be stronger and to unfold mainly in 2022 ", OPEC said. "As vaccination rates increase, the COVID-19 pandemic the emic should be better managed and economic activities and mobility will firmly return to pre-COVID-19 levels. Edited by Emelia Sithole-Matarise
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