Opec-plus is sticking to its subsidy policy – the raw materials rally is likely to continue

Zurich More than 100 million barrels of crude oil per day, the equivalent of more than 15.9 billion liters: This is how much oil the global economy should consume on average in the coming year. According to many analysts, this means that oil demand is likely to exceed the record level set in 2019.

Ryan Fitzmaurice, commodities strategist at Rabobank, says: “There is widespread expectation that oil demand will mark a new all-time high above the 100 million barrels per day mark.” Giovanni Staunovo, commodities expert at UBS, also anticipates “robust growth in oil demand “Above pre-crisis levels, driven by the recovery in global air traffic.