OPEC Remains Steady on Demand for Oil in 2022

OPEC Remains Steady on Demand for Oil in 2022
A 3D printed oil pump jack is seen in front of displayed stock graph and OPEC logo in this illustration picture on April 14, 2020. Dado Ruvic/Illustration/Reuters
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OPEC said it believes that the Omicron variant will not have as much of an impact as widely feared on Dec. 13, raising its forecast for global oil demand for the first quarter of 2022.

“The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges,” OPEC said its December monthly report.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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