OPEC projections for oil demand and other forecasts

  • OPEC projections little changed
  • OPEC says world oil demand to rise by 2.33 million barrels per day in 2023 (near unchanged from 2.32M previously)
  • China's oil demand to rise by 800,000 barrels per day in 2023 which is up from 760,000 previously forecast
  • Leaves 2023 world economic growth forecast at 2.6%
  • Says US debt ceiling issue has been so far not been resolved. A matter that could have economic consequences

No big news from the forecasts

Best in 2026

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