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Global oil demand to hit 97.94 mb/d in December
On Experts task FG on diversification
By Udeme Akpan
With the successful tackling of the coronavirus pandemic, there are indications that the global oil demand would rise from 93.22 million barrels per day, mb/d to 97.94 mb/d, thus recording an increase of 5.06 per cent between the first and fourth quarter of 2021, according to the Organisation of Petroleum Exporting Countries, OPEC.
This appears to be good news for Nigeria, and other oil-dependent countries, whose economies were greatly affected by the pandemic, which culminated in lockdown, limited demand, price collapse, low revenue, and by extension slide in the Gross Domestic Product, GDP.
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