Due to the coronavirus restrictions and lockdowns, global consumption of petroleum and other liquid fuels crashed by 9 percent to 92.2 million barrels per day (bpd) in 2020, the U.S. Energy Information Administration (EIA) said on Friday, nothing this was the largest drop in EIA’s series dating back to 1980. The world will return to more normal consumer behavior this year, and a continued recovery in economies is set to contribute to rising oil consumption in 2021 as the year progresses. EIA expects in its January Short-Term Energy Outlook that global liquid fuels consumption will grow by 5.6 million bpd this year, or by 6 percent compared to 2020, and rise by another 3.3 million bpd in 2022. The United States will contribute with a 1.4 million bpd consumption increase to the growth in 2021, the EIA forecasts. Oil consumption will rise this year thanks to both economic growth […]