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     • Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, OPEC said its 2021 World Oil Outlook, adding to robust growth already predicted for 2021 and 2022, and pushing demand back above the pre-pandemic 2019 rate.
     www.reuters.com/business/energy/opec-sees-oil-demand-rebounding-then-plateauing-after-2035-2021-09-28/

     OPEC forecasts oil demand rebound before post-2035 plateau

2. People also ask

   Why did OPEC raise its 2023 global oil demand forecast?

   • OPEC has revised upward its 2023 global oil demand growth forecast in its first upward revision for months. This is due to China's relaxation of COVID-19 restrictions. Additionally, OPEC trimmed supply forecasts for Russia and other non-OPEC producers, pointing to a tighter market.

   OPEC raises 2023 oil demand growth view, points to tighter market

   www.reuters.com/business/energy/opec-raises-forecast-china-led-oil-demand-growth-2023-2023-02-14/

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   What will OPEC expect from global oil demand in 2045?

   • OPEC expects world oil demand to reach 116 million barrels a day (bpd) by 2045, around 6 million bpd higher than expected in last year's report, with growth led by China, India, other Asian nations, and Africa and the Middle East. IEA Executive Director Fatih Birol said last week global coal, oil and natural gas consumption may peak before 2030.

   OPEC raises oil demand view in long-term outlook | Reuters

   www.reuters.com/markets/commodities/opec-raises-oil-demand-view-long-term-outlook-2023-10-09/

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   What will OPEC's oil demand look like in 2028?

   • In the medium term, OPEC said global oil demand was likely to reach a level of 110.2 million bpd in 2028, reflecting a jump of 10.6 million bpd when compared to 2022 levels.

   Oil: OPEC raises global crude demand outlook through to 2045 - CNBC

   www.cnbc.com/2023/10/09/oil-opec-raises-global-crude-demand-outlook-through-to-2045.html

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   What is the 2023 OPEC World Oil Outlook?

   • The 2023 OPEC World Oil Outlook (WOO) was launched today at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in the Kingdom of Saudi Arabia. First published in 2007, the WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy to 2045.

   World Oil Outlook 2023 sees global oil demand at 116 mb/d in 2045

   www.opec.org/opec_web/en/press_room/7225.htm

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3. www.opec.org › opec_web › enOPEC : World Oil Outlook 2023 sees global oil demand at 116 ...

   www.opec.org › opec_web › en

   • Cached

   Oct 9, 2023 · World Oil Outlook 2023 sees global oil demand at 116 mb/d in 2045. The 2023 OPEC World Oil Outlook (WOO) was launched today at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in the Kingdom of Saudi Arabia.

4. www.reuters.com › markets › commoditiesOPEC raises oil demand view in long-term outlook | Reuters

   www.reuters.com › markets › commodities

   Oct 9, 2023 · World demand in 2028 will reach 110.2 million bpd, OPEC said, up from 102 million bpd in 2023. It predicted oil use in 2027 would reach 109 million bpd, up from 106.9 million bpd...

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6. www.opec.org › opec_web › enMonthly Oil Market Report 2023 - OPEC

   www.opec.org › opec_web › en

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   The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

7. www.reuters.com › business › energyOPEC raises 2023 oil demand growth view, points to tighter ...

   www.reuters.com › business › energy

   Feb 14, 2023 · OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions, and trimmed supply forecasts for...

8. www.opec.org › OPEC_MOMR_June_2023Feature article: World oil market prospects for the second ...

   www.opec.org › OPEC_MOMR_June_2023

   For 2023, the forecast for world oil demand growth remain broadly unchanged at 2.3 mb/d. s China, Latin America, and the Middle East have been revised up slightly, while OECD Europe, Other Asia and Africa have been adjusted slightly lower.

9. www.reuters.com › business › energyOPEC holds global oil demand view steady, cites US debt ...

   www.reuters.com › business › energy

   May 11, 2023 · OPEC's global oil demand forecast for 2023 was held steady for a third month on Thursday, with the producer group citing the potential Chinese growth to be offset by downside economic risks...

10. www.cnbc.com › 2023/10/09 › oil-opec-raises-globalOil: OPEC raises global crude demand outlook through to 2045

    www.cnbc.com › 2023/10/09 › oil-opec-raises-global

    • Cached

    Oct 9, 2023 · In its 2023 World Oil Outlook, OPEC said it expects global demand to reach 116 million barrels per day (bpd) by 2045, up from 99.6 million bpd in 2022 and roughly 6 million more bpd...