The Organization of the Petroleum Exporting Countries, or OPEC, on Tuesday nudged up its forecast for growth in world oil demand this year by 100,000 barrels...
The Organization of the Petroleum Exporting Countries, or
on Tuesday nudged up its forecast for growth in world oil demand this year by 100,000 barrels a day, bringing it to 2.3 million barrels a day. That would put 2023 oil production at 101.87 million barrels a day. in its monthly report, left its assessment of 2022 demand growth unchanged at 2.5 million barrels a day for a total of 99.55 million barrels a day. On the supply side, the organization said its forecast for non-OPEC liquids production growth was lowered slightly by 100,000 barrels a day from last month. Liquids production is now expected to grow by 1.4 million barrels a day this year. Non-OPEC liquids supply is estimated to have grown by 1.
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