LONDON—OPEC has stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Ukraine’s conflict and developments around the coronavirus pandemic pose a considerable risk.
In a monthly report released on Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast that world oil demand would rise by 3.36 million barrels per day (bpd) in 2022, extending a recovery from 2020’s slump.
