FILE - In this Thursday, Jan. 28, 2010 file photo, a worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. A big shift is happening in Big Oil: an American giant now ranks second to a Chinese upstart. Exxon Mobil is pumping less oil than PetroChina, a company formed just 13 years ago by the Chinese government to better compete for the world's oil and natural gas. On March 29, 2012, the shift is expected to become official when the Beijing company announces that it produced more crude last year than its 130-year-old Texas rival. (AP Photo) *** Local Caption ***  CORRECTION Big Oil New No 1.JPEG-0d101.jpg
Global oil demand is expected to rise by 5.3 million barrels per day on average to 96.2 million bpd in 2021 and a further 3.2 million bpd in 2022. AP Photo

IEA cuts oil demand forecast for rest of 2021 on threat of Delta and rising infections




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