The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to pump. The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all say that global oil demand will continue to recover through to at least the end of next year. By that point, all three see consumption exceeding comparable 2019 levels and hitting new highs. But there is still some disagreement on the paths it will take to get there. All three agencies see global oil demand exceeding 2019 levels by the end of 2022 The EIA is the most bullish of the three major forecasting agencies. Unlike the IEA and OPEC, it doesn’t see a significant seasonal dip in demand at the start of […]