Rystad Energy has revealed that its latest forecast projects a six percent year on year increase in oil demand in 2021. Rystad Energy has revealed that its latest forecast projects a six percent year on year increase in oil demand in 2021. The company sees demand rising to an average of 95.4 million barrels per day (MMbpd) this year, from 89.6MMbpd in 2020. April 2021 demand is expected to hit 93 MMbpd, with 94 MMbpd projected in May and 95.8 MMbpd forecasted for June. Total oil demand in the third quarter is expected to average 96.8 MMbpd before rising to 98.3 MMbpd in the fourth quarter. Looking further ahead to 2022, Rystad said its estimates show that total oil demand next year will continue to rise, reaching about 99.4 MMbpd. Rystad believes that total global demand for road fuels will rise by nine percent this year to 45.1 MMbpd. […]