![Powered rails](https://loka.nahovitsyn.com/150.jpg)
![reviews of devslopes reviews of devslopes](https://i.ytimg.com/vi/Ny_FW9vTc_Q/maxresdefault.jpg)
Global natural gas demand grew 5.3% in 2021, recovering above pre-pandemic 2019 levels and crossing the 4 Tcm mark for the first time.US Henry Hub prices nearly doubled to average $3.84/mmBtu in 2021 - their highest annual level since 2014. Natural gas prices rebounded strongly across all three major gas regions in 2021, rising fourfold to record annual levels in Europe (TTF averaging $16.02/mmBtu) and tripling in the Asian LNG spot market (JKM averaging $18.60/mmBtu).As a result, refining capacity in the OECD in 2021 was at its lowest level since 1998. Refinery capacity declined for the first time in over 30 years by almost 500,000 b/d last year, driven by a sharp reduction in the OECD (1.1 million b/d).
![reviews of devslopes reviews of devslopes](https://appstickers-cdn.appadvice.com/1087131850/826029250/5a1aadafe6034eb7be169fc8b4d8a00b-2.png)
Among all countries, Libya (840,000 b/d), Iran (540,000 b/d) and Canada (300,000 b/d) saw the largest increases. Global oil production increased by 1.4 million b/d in 2021, with OPEC+ accounting for more than three-quarters of the increase.Regionally, most of the growth took place in the US (1.5 million b/d), China (1.3 million b/d) and the EU (570,000 b/d). A majority of the consumption growth came from gasoline (1.8 million b/d) and diesel/gasoil (1.3 million b/d).Oil consumption increased by 5.3 million barrels per day (b/d) in 2021 but remained 3.7 million b/d below 2019 levels.Oil prices averaged $70.91/bbl in 2021, the second highest level since 2015.
![Powered rails](https://loka.nahovitsyn.com/150.jpg)