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1. • 2.5 million barrels a day

     • The Organization of the Petroleum Exporting Countries, or OPEC, on Monday nudged its forecast for 2023 growth in oil demand higher to 2.5 million barrels a day, or mbd, from a projection of 2.4 mbd in October.
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     OPEC nudges up forecast for 2023 oil-demand growth, leaves ...

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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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   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 in 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 than it predicted in last year’s report. OPEC made clear that there’s potential for this jump to be even higher, too.

   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 OPEC's World Oil Outlook?

   • OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.

   World Oil Outlook - OPEC

   www.opec.org/opec_web/en/publications/340.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

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   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.

   • World Oil Outlook

     OPEC’s World Oil Outlook (WOO) is part of the Organization’s...

   • OPEC Digital Publications

     Global population growth, urbanization trends, drive energy...

4. www.opec.org › opec_web › enWorld Oil Outlook - OPEC

   www.opec.org › opec_web › en

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   OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.

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6. 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.

7. www.reuters.com › business › energyOPEC boosts long-term oil demand outlook, driven by ...

   www.reuters.com › business › energy

   5 days ago · OPEC extends forecast to 2050, with demand at 120.1 mln bpd. OPEC sees no peak demand, unlike BP and IEA forecasts. OPEC calls for $17.4 tln investment in oil industry by 2050. LONDON/RIO DE ...

8. publications.opec.org › woo › chapterOPEC Digital Publications - World Oil Outlook

   publications.opec.org › woo › chapter

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   Global population growth, urbanization trends, drive energy demand requirements. The outlook is underscored by a robust increase in the world’s population, with projections indicating a rise to 9.7 billion by 2050 from a level of just over eight billion today. This growth is predominantly driven by a substantial demographic surge in non-OECD ...

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

   www.reuters.com › business › energy

   Feb 14, 2023 · LONDON, Feb 14 (Reuters) - 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...

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...