OPEC maintains estimates of oil demand growth in 2023 and 2024
23:50 11.08.2023 5784
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.
The Minister of Economy of Azerbaijan Discusses Bilateral Cooperation Expansion Issues with the Leadership of the Fuel and Energy Complex of Turkmenistan
On Wednesday, the Government of Turkmenistan held negotiations on expanding the Turkmen-Azerbaijani cooperation in the oil and gas sector with the Minister of Economy of Azerbaijan Mikayil Jabbarov, who is visiting Ashgabat at the head of the Azerbaijani delegation.
New technologies make work at gas stations more comfortable
Employees of the Gubadag Oil Enterprise of the Main Directorate of «Turkmennebitonumleri» for 11 months of this year have demonstrated effective results of their activities. After major reconstruction, a filling station No. 170 was put into operation, located in the eastern part of the Gubadag-Dashoguz highway.
Fuel and energy complex enterprises took part in the second virtual exhibition, which opened in honor of the Day of Neutrality of Turkmenistan
On the eve of the Day of Neutrality of Turkmenistan, the second virtual exhibition of the economic achievements of our country was opened on Thursday. The exhibition is organized by the Chamber of Commerce and Industry in partnership with ministries and departments, private enterprises of Turkmenistan.
President of Turkmenistan congratulated workers of the oil and gas industry and geology on their professional holiday
Today, December 14, Turkmenistan celebrates the Day of Oil and Gas Industry and Geology Workers. On this occasion, President of Turkmenistan Gurbanguly Berdimuhamedov sent a congratulatory message to the workers of the oil and gas industry of our country.
Oil is confidently rising in price, the price of Brent rose to $76.42 per barrel
Oil prices are rising on Thursday on new signals that the spread of the omicron COVID-19 strain will not have such serious consequences for the global economy as initially expected, Interfax reported.