OPEC maintains estimates of oil demand growth in 2023 and 2024
18:50 11.08.2023 10279
Oil demand in 2023 will grow by 2.44 million barrels per day by 2022 to 102.01 million bpd, and in 2024 it will increase by another 2.25 million bpd to 104.25 million bpd With. Such forecasts are given in the monthly report of OPEC, reports Interfax. Thus, the organization upheld the forecasts made last month.
At the same time, the estimate of oil demand in Q1 was increased by 50,000 bpd. 2023, by 10 thousand b/d – in the III and IV quarters, the forecast was reduced by 40 thousand b/d in the II quarter.
“In the OECD (Organization for Economic Co-operation and Development) region, oil demand is expected to grow by 74 thousand b/d on average in 2023, to 46 million b/d. At the same time, demand in the OECD countries of the Americas will be the most significant in the region , led by the US, amid a recovery in demand for jet fuel and gasoline.
Light distillates are also forecast to support demand growth this year,” analysts said. Non-OECD oil demand is forecast to rise by almost 2.4 million b/d to 2023.
“In 2024, sustained global economic growth amid continued improvements in China is projected to lead to an increase in oil consumption,” OPEC said.
Out of a total increase of 2.2 Mb/d in 2024, non-OECD countries will also account for the bulk of the increase, at 2 Mb/d.
In the top of exchange trading – products of TCOR
26 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
In January-March, the trade turnover of Turkmenistan with Russia increased by 10.4%
Trade turnover between the Russian Federation and Turkmenistan in January-March 2023 increased by 10.4%. This was reported by the newspaper “Neutral Turkmenistan”.
Products of the State Corporation “Turkmennebit” sold for foreign currency at the auction
27 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The President of Turkmenistan received the Ambassador Extraordinary and Plenipotentiary of Kazakhstan
President Serdar Berdimuhamedov received the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to Turkmenistan Nurlan Nogayev, who presented his credentials to the head of state, TDH reports.
At the end of 2021, Turkmenistan leads in the supply of aviation fuel to Georgia
Turkmenistan ranked first in the supply of aviation fuel to Georgia in 2021, Report informs citing the Union of Petroleum Products Importers of Georgia. Over the past year, 57.7 thousand tons of jet fuel were delivered from Turkmenistan to Georgia.