Md Siruzzaman

Latest monthly report of IEA expressed optimism of a oil market in 2022 more comfortable than previous 2 COVID hit years. This optimism has taken place over the initial pessimism at the emergence of Omicron at the end of November, through new containment measures put in place to halt the spread of the virus but not by widespread vaccination campaigns- stated the organization that unites oil-consuming countries and advises governments on energy policy & had revised downwards its forecast for global oil demand by an average 100,000 barrels per day for both this year and next year due to new restrictions on international travel & is now pencilling in an increase in global oil demand of 5.4 million barrels per day in 2021 and by 3.3 million in 2022, when it will to return to pre-pandemic levels at 99.5 million bpd.