ConocoPhillips (NYSE: COP) is the latest to issue forward-looking statements regarding the global oil demand forecast, stating that global oil demand would indeed return to 100 million barrels per day—and keep growing from there, according to Reuters . Next year, however, ConocoPhillips expects “quite a bit of uncertainty next year,” according to Senior Vice President Dominic Macklon, who was answering questions with Raymond James. This projection on global oil demand is different than BP’s, who sees the coronavirus pandemic having a long-term effect on oil demand, compounded by climate concerns, and that oil demand may never again recover to those seen in 2019. It is, however, in line with Gazprom Neft’s projections, which sees full oil demand recovery by the end of next year. Russian Energy Minister Alexander Novak had an even rosier outlook, seeing oil demand recovering fully by the second quarter of next year. OPEC and the […]