Oil Market Records Higher Demand In September Over Pre-COVID Period

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A data released by the Joint Organisations Data Initiative (JODI), has disclosed that, oil demand worldwide rose in September to exceed the September 2019

Global oil demand rose seasonally in September to the second-highest level of this year, according to the JODI data shared by the Riyadh-based International Energy Forum .

In September, global oil demand was at 101 per cent of pre-COVID levels, while crude production was at 99 per cent of those levels, the data showed.After a counter-seasonal drop in July, global oil demand rebounded in August by 2 million bpd to reach 99 per cent of pre-Covid levels, JODI data showed earlier this year.

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