Benchmarking: 2022 Oil Demand Growth in Focus

Copyright © 2021 Energy Intelligence Group

• In 2022, annual growth in demand for hydrocarbon liquids will range from 2.8 million-3.7 million barrels per day, according to four agencies surveyed in July. • Among the agencies, only the US Energy Information Agency (EIA) is currently forecasting that 2022 demand will exceed consumption in pre-pandemic 2019. • Outlooks for non-Opec liquids production growth next year display a striking diversity, with Energy Intelligence at the bottom on the range with a 1.7 million b/d projected increase for this group of producers.

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