World Oil Demand Topped Pre-Covid Levels In September

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…