World Oil Demand Topped Pre-COVID Levels In September | ZeroHedge
Authored by Tsvetana Paraskova via OilPrice.com, Oil demand worldwide rose in September to exceed the September 2019 pre-Covid levels by nearly 1 million barrels per day (bpd), new data from the Joint Organizations Data Initiative (JODI) showed on Thursday. 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 (IEF). In September, global oil demand was at 101 percent of pre-Covid levels, while crude production was at 99 percent of those levels, the data showed. Oil demand in September continued its growth from August when consumption rebounded from July. After a counter-seasonal drop in July, global oil demand rebounded in August by 2 million bpd to reach 99 percent of pre-Covid levels, JODI data showed earlier this year. The rise in September demand was driven by diesel consumption in China and gasoline demand in the United States, said the IEF, the world’s largest inter
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### Response: Authored by Tsvetana Paraskova via OilPrice.com, Oil demand worldwide rose in September to exceed the September 2019 pre-Covid levels by nearly 1 million barrels per day (bpd), new data from the Joint Organizations Data Initiative (JODI) showed on Thursday. 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 (IEF). In September, global oil demand was at 101 percent of pre-Covid levels, while crude production was at 99 percent of those levels, the data showed. Oil demand in September continued its growth from August when consumption rebounded from July. After a counter-seasonal drop in July, global oil demand rebounded in August by 2 million bpd to reach 99 percent of pre-Covid levels, JODI data showed earlier this year. The rise in September demand was driven by diesel consumption in China and gasoline demand in the United States, said the IEF, the world’s largest inter