The good, bad and the ugly for Asian oil markets in 2022

<p>There is growing optimism that 2022 will turn out to be the strongest year for Asian oil demand since the outbreak of COVID-19 more than two years ago.</p> <p>With <a title= "Commodities 2022: Asia's oil demand revival seen resilient, OPEC+ response key" href= "https://www.spglobal.com/platts/en/market-insights/latest-news/oil/011022-commodities-2022-asias-oil-demand-revival-seen-resilient-opec-response-key" target="_blank" rel="noopener">consumption patterns looking increasingly resilient</a> in top consumers China and India, demand may finally be on a sustained upward trend after a long period of uneven growth.</p> <p>But the market will be looking for answers to some key questions. Will Asia’s oil demand in 2022 rise above 2019 level despite the emergence of omicron? Can high oil prices create hurdles for demand recovery? And finally, what's in store for oil as Asia speeds up efforts to embrace the energy transition process?</p> <p>In a wide-ranging discussion with S&P Global Platts Asia Energy Editor <strong>Sambit Mohanty</strong>, Global Head of Oil Markets <strong>Vera Blei</strong> and Asia Head of Content <strong>Calvin Lee</strong> share their insights on some of the top themes for Asian oil markets in 2022.</p>