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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.
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.
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.
Jul 13, 2023 · Summary. OPEC sees 2024 demand growth of 2.25 million bpd, double IEA. Raises 2023 demand growth forecast by 90,000 bpd. U.S. shale output growth to slow to 500,000 bpd in 2024.
Feb 14, 2023 · OPEC expects Chinese demand to grow by 590,000 bpd in 2023, up from last month's forecast of 510,000 bpd. China's oil consumption dropped for the first time in years in 2022, held back by its...
Oct 12, 2023 · OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this year and expected further demand...
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Jul 12, 2022 · In its first forecast for 2023, Opec said it expected average demand to rise by 2.7mn barrels a day next year to 103mn b/d, driven by increased economic activity, particularly in India and...
