OPEC maintains forecast for global oil demand in 2023

MOSCOW, September 13 – PRIME. OPEC maintained its forecast for the growth of world oil demand in 2022 at 3.1 million barrels per day, in 2023 it also still expects growth by 2.7 million barrels per day, the organization said in a September report.

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“The forecast for the growth of global oil demand in 2022 remained unchanged compared to the previous month’s estimate, at 3.1 million barrels per day,” writes OPEC. Thus, OPEC expects global oil demand in 2022 to average 100.03 million barrels per day.

The organization also left its forecast for 2023 unchanged compared to the previous month’s estimate: it expects global demand to grow by 2.7 million barrels per day, to an average level of 102.73 million barrels per day.

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“Oil demand in 2023 is expected to be supported by stable economic performance in key consumer countries, as well as a possible easing of restrictions imposed in connection with COVID-19, as well as reduced geopolitical uncertainty,” the report also notes.


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