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30.1 million bpd
- As a result, OPEC forecast the world will need 30.1 million bpd in 2023 from its members to balance the market, up 900,000 bpd from 2022.
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Monthly Oil Market Report 2023. 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 ...
Oct 9, 2023 · World Oil Outlook 2023 sees global oil demand at 116 mb/d in 2045. No 19/2023. Riyadh, Kingdom of Saudi Arabia. 09 Oct 2023. 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 world oil demand growth forecast for 2023 remains unchanged from last month’s estimate at 2.5mb/d. Downward revisions in the OECD Europe and Asia Pacific in 3Q23 and 4Q23 offset by upward revisionare s in OECD Americas. Similarly, in the non-OECD, downward adjustments to the Middle East and Africa in 3Q23
Feb 14, 2023 · OPEC has raised its world oil demand growth forecast for 2023 by 100,000 bpd, to 2.3 million bpd the organization said on Tuesday in its latest edition of the Monthly Oil Market Report.
- Julianne Geiger
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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...
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...
