Live Breaking News & Updates on Pec Revised Up Its Oil Demand Forecast For The First Quarter Of 2022 However

ANKARA - The Organization of the Petroleum Exporting Countries (OPEC) on Thursday slightly revised its global oil demand estimates for 2022 to average 100.03 million barrels per day (bpd), according to OPEC's latest monthly oil market report. Although the forecast marks a year-on-year rise of 3.1 million bpd, this remains 300,000 bpd behind the levels of last month's forecast. Pointing to strong economic growth in most consuming countries, OPEC revised up its oil demand forecast for the first quarter of 2022. However, according to the agency's newly-released 2023 forecast, world oil demand is estimated to reach 102.7 million bpd in 2023, surpassing pre-pandemic levels. "In 2023, expectations for healthy global economic growth, combined with expected improvements in the containment of Covid-19 (coronavirus disease 2019) in China, are expected to boost consumption of oil," the report said. The organization said oil demand in the OECD is estimated to increase by 1.6 ....

Saudi Arabia , Turkey General , Organization Of The Petroleum Exporting Countries , Petroleum Exporting Countries , Ankara The Organization Of Petroleum Exporting Countries Opec On Thursday Slightly Revised Its Global Oil Demand Estimates For 2022 To Average 100 03 Million Barrels Per Day Bpd , Ccording To Opec 39s Latest Monthly Oil Market Report Although The Forecast Marksa Year On Rise Of 3 1 Million Bpd , His Remains 300 , 000 Bpd Behind The Levels Of Last Month 39s Forecast Pointing To Strong Economic Growth In Most Consuming Countries , Pec Revised Up Its Oil Demand Forecast For The First Quarter Of 2022 However , Ccording To The Agency 39s Newly Released 2023 Forecast , Orld Oil Demand Is Estimated To Reach 102 7 Million Bpd In 2023 , Urpassing Pre Pandemic Levels Quot In 2023 , Xpectations For Healthy Global Economic Growth , Ombined With Expected Improvements In The Containment Of Covid 19 Coronavirus Disease 2019 China , Re Expected To Boost Consumption Of Oil , Uot The Report Said Organization Oil Demand In Oecd Is Estimated To Increase By 1 6 Million Barrels Per Day , Hile Non Oecd Is Seen Growing By 1 5 Million Barrels Daily Global Supply Increases In July Oil June Increased Around 7 Bpd Compared To The Previous Month Average 100 Opec Crude Production Averaged 28 8 , Or An Increase Of About 162 , 000 Bpd Month On Crude Oil Output Increased Mainly In Saudi Arabia , And The Uae , Hile Production In Venezuela , Nd Angola Declined The Share Of Opec Crude Oil In Total Global Production Decreased By 300 , 000 Bpd To 28 7 Percent In July Compared The Previous Month Quot Upward Revisions Russia 39s Oil Production Were Offset By Downward Us , End Kazakhstan , Uot The Opec Said , Arning That Significant Uncertainty Regarding Russia 39s Liquids Production In The Forecast Period Remains During This ,