Trims H2 21 ‘call’ on OPEC but warns of supply-demand ‘chasm’ Non-OPEC+ oil output to rise 1.6 million b/d in 2022 Home-working, vehicle efficiency, EVs to impact gasoline Global oil demand is set to rise by 3.1 million b/d in 2022, returning to pre-pandemic levels by the fourth quarter, the International Energy Agency said June 11, warning that a “chasm” could open between supply and demand in the second half of this year if OPEC+ nations do not respond. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its monthly oil market report, providing its first projections for 2022, the IEA confirmed expectations of recovery in oil demand despite some impact from home working and electric vehicle adoption. It also forecast oil output by countries outside the OPEC+ production pact would rise by 1.6 million b/d next year, hitting pre-pandemic levels mid-year, […]