OPEC Raises Global Oil Demand 2023 Forecast To 2.5 Million

It countered the prevailing pessimism surrounding the global oil market and China's oil demand by highlighting that China's October crude import data reached a record level of 11.4 million barrels per day, well exceeding the five-year average range. The report mentioned an expected rise in India's crude imports in

OPEC slightly increased its global oil supply forecast for non-OPEC supply in 2023 to 1.8 million barrels per day, up from the previous estimate of 1.7 million barrels per day, with the United States being the primary contributor to this growth. ADVERTISING The organisation said that the growth in U.S. liquid supply is more robust than indicated by weekly data, favouring monthly data as a moreRead more at: 

OPEC maintains its 6.3% growth forecast for India's economy in 2023. The services sector is primarily expected to drive growth, along with improvements in India's manufacturing sector. OPEC anticipates ongoing support from fiscal stimulus, albeit slowing consumption, in the second half of 2023.Read more at: https://www.bqprime.com/markets/opec-raises-global-oil-demand-2023-forecast-to-25-million-barrels-per-day#pfrom=home-world_bqprimeCopyright © BQ Prime