President of JPMorgan Chase: global crude oil demand is likely to grow by 1.6 million b / d and 2.4 million b / d in the first and second quarters of this year, respectively.

[JPMorgan President: global crude oil demand is likely to grow by 1.6 million b / d and 2.4 million b / d respectively in the first and second quarters of this year] JPMorgan President Pinto said that despite overall bearish sentiment, global crude oil demand is likely to grow by 1.6 million b / d in the first quarter of 2023 and is expected to grow by 2.4 million b / d in the second quarter. In theory, and assuming there is no recession, OPEC's April cut should be enough to tighten supply and demand in the oil market in the second half of the year.