Posted: 21.12.2022 10:53:00

OPEC keeps world oil demand growth unchanged for 2023

OPEC has maintained its forecast for the growth of global oil demand in 2022 at 2.5 million barrels per day – as indicated in the organisation’s December report, RIA Novosti reports

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According to the report, the organisation’s forecast for the growth of global oil demand in 2023 also remained unchanged: 2.2 million barrels per day. “At the same time, the growth in OECD countries will be 0.3 million barrels per day while oil supplies from non-OECD countries are expected to rise by 1.9 million barrels per day,” the document specifies.

It is reported that OPEC’s crude oil production averaged 28.83 million barrels per day in November, a month-on-month decrease of about 744,000 barrels per day.