ConocoPhillips (NYSE:COP) is the latest to issue forward-looking statements regarding the global oil demand forecast, stating that global oil demand would indeed return to 100 million barrels per day—and keep growing from there, according to Reuters.
It is in line with Gazprom Neft’s projections, which sees full oil demand recovery by the end of next year. Russian Energy Minister Alexander Novak had an even rosier outlook, seeing oil demand recovering fully by the second quarter of next year.
PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.