OPEC sees global oil demand growth of 2.3 million barrels a day in 2023, bringing total demand to 101.9 million barrels a day.
The Organization of the Petroleum Exporting Countries on Thursday left its outlook for growth in world oil demand unchanged at 2.3 million barrels a day, with a small rise for China offset by slight declines for other regions.
On... The Organization of the Petroleum Exporting Countries on Thursday left its outlook for growth in world oil demand unchanged at 2.3 million barrels a day, with a small rise for China offset by slight declines for other regions. On the supply side, the report, citing secondary sources, estimated that OPEC-13 crude oil production fell by 191,000 barrels a day in April.
OPEC left its 2023 forecast for non-OPEC liquids production growth unchanged at 1.4 million barrels a day, with the main drivers expected to be the U.S., Brazil, Norway, Canada, Kazakhstan and Guyana, while Russian production was expected to be the primary decliner.
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