Standard Chartered’s latest oil market report takes a look at when global oil demand will hit peak velocity. Right now, according to Standard Chartered’s latest oil market report, which was sent to Rigzone late Friday. In the report, the company noted that it expects the month on month momentum of global demand to reach a peak in June and July. Standard Chartered is forecasting that global demand will increase from 94.97 million barrels per day in May to 97.22 million barrels per day in June and 99.03 million barrels per day in July. After July, the company said it sees the pace of increase moderating, with 100 million barrels per day forecasted for December and 101 million barrels per day forecasted for July 2022. “We expect two-thirds of the increase in oil demand from May 2021 to July 2022 to occur this month and next month alone,” Standard Chartered […]