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- 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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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...
- 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.
Oct 19, 2023 · In the WOO 2023, global energy demand expands by 23% in the period to 2045, with global oil demand increasing by around 17%, and renewables (including solar, wind, biomass and hydro) expanding by more than 200%, albeit from a low base.
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.
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 than...
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...
Oct 31, 2022 · OPEC said in the report that global oil demand will increase to 103 million barrels per day next year—an increase of 2.7 million bpd from 2022 and an increase of 1.4 million bpd from what the...