• Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Report
  • Date 13 February 2022


The drivers of this quarter’s global demand outlook stem from multiple factors (i.e., a slower roll-out of vaccinations in developing countries, multiple continued lockdowns in several countries due to fears of the COVID-19 omicron variant, a slowdown in long-haul travel, rising inflation particularly in commodities, increased shipping costs, lagging delivery times, and the usual seasonal behavior where Q1 tends to be slightly lower than its previous quarter).

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