Global oil price surges on rising Russian sanctions - IEF

Global oil price surges on rising Russian sanctions – IEF

Global oil demand projected at 99.7 million bpd in 2022 – IEA

Global oil demand in 2022 is expected to be 99.7 million barrels per day (mb/d), up by 2.1 mb/d from 2021

The recent sanctions on Russia over its invasion of Ukraine, is driving price spikes and volatility in global energy markets says the International Energy Forum (IEF). Data gleaned from Russia's export hubs in the Baltics and the Black Sea show that demand for the country's oil is thinning due to

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