Global oil demand will rebound strongly in the second half of 2021, but the call on OPEC crude will be lower than previously expected, the producer group’s latest analysis showed, providing some backing for Saudi Arabia’s decision not to relax its output cuts through April. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its closely watched Monthly Oil Market Report released March 11, OPEC revised up its forecast of 2021 oil demand by 220,000 b/d to 96.27 million b/d, but said the recovery would be backloaded in the second half of the year, after disappointing data in Q1. Estimates for Q3 and Q4 were raised by 400,000 b/d and 970,000 b/d, respectively, while […]