The Organization of Petroleum Exporting Countries (OPEC) this Thursday raised its forecast for world oil demand in 2023 by 100,000 barrels a day, compared to estimates made a month ago.
Global oil demand is forecast to grow by 2.4 million barrels per day in 2023, after an upward revision of around 0.1 million barrels per day from last month, mainly due to stronger demand in China. in the second quarter”, said OPEC in its monthly report on the oil market, cited by Lusa.
OPEC’s estimates, which put total demand in 2023 at 102 million barrels per day, contrast with those of the International Energy Agency, which has revised downwards its forecast for world oil demand this year, due to higher economic expectations. declines, namely lower industrial activity in Europe.
OPEC, on the other hand, underlines that it has increased its expectations for world oil consumption due to the strong year-on-year growth in demand in April and May in China, the world’s largest importer of crude oil.
