OPEC still expects global oil demand to rise by 2.3 million barrels in 2023 to 101.9 million barrels per day, Report informs referring to the April report of the organization.
Global oil demand growth forecast for 2023 remains at 2.3 million bpd, broadly unchanged from last month’s estimate. Global oil demand is projected to average 101.9 million bpd in 2023 per day, the document says.
In the countries of the Organization for Economic Cooperation and Development (OECD), the growth in oil demand was reviewed downward for all four quarters of 2023.
In 2023, according to OPEC forecasts, in the OECD countries, the growth in oil demand will be 0.1 million barrels per day, while global oil demand in non-OECD countries is projected to grow by 2.2 million barrels per day.