OPEC expects global oil demand will exceed the pre-pandemic levels in 2022 and grow steadily until the late 2030s, when it will begin to plateau, the cartel said on Thursday, in a major shift in its forecast that put a timeline to peak oil demand. The coronavirus pandemic has changed some of the key assumptions in forecasts of all organizations and oil majors, including of OPEC, which said in its World Oil Outlook 2020 today that “Going forward, the big question hanging over energy and oil markets is to what extent there will be a longer-term impact on consumer behaviour and thus demand.” Last month, BP said that we may have already passed peak oil demand, while another major, France’s Total, sees oil demand growing until 2030 . OPEC, for its part, reduced its long-term demand projections from last year’s outlook by more than 1 million barrels per day […]