siomex data

The demand for oil has increased to 102.3 bpd which is the highest of all years . After the pandemic china has also made a all time high 16 bpd in this year as well 

The global import export shows that the rise in this demand of the oil is because of the organisation of economic cooperation and development . It also shows that it will grow more in the upcoming year as well.

Talking about the upper side , The export from Russia decreased a bit this year by 250 kpd to 7.bpd and most of the exports that they did were to China and India nearly which was 56 % of the total export.

In the middle eastern part of the world ,Africa and Eastern countries Oil was grown by 12 % . There was also an increase in revenue as well .

Except for these few countries the global oil inventory was also increased by 10 mb . 

So this was the current state of the oil trade sector all around the world . 

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