S&P Global Platts

Africa oil demand to rebound in Q4, further improvement expected in 2022

  • S&P Global Platts projects quarter-on-quarter Africa oil demand to rise by 425,000 b/d in Q4 after falling in Q2, Q3
  • Rebounding demand coupled with prolonged refineries outages will require increases in product imports, especially gasoil/diesel and gasoline
  • Despite the rebound, the continent’s oil demand even in 2022 will remain slightly below pre-pandemic levels, but improving

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