OPEC keeps 2023 oil demand growth at 2.7 mil b/d with ‘still-solid’ economies for top consumers

 In In the News
OPEC is still forecasting robust oil demand growth of 3.1 million b/d for 2022 and a further 2.7 million b/d in 2023, despite concerns of a recession, buoyed by “still-solid” economic performance in many countries and expected feedstock switching in power generation from gas to liquid fuels. Global oil demand will be 102.73 million b/d in 2023 vs 102.72 million…