IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion
Green Car Congress
JUNE 18, 2022
Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb/d increase is expected next year, supported by new refinery start-ups in Africa, the Middle East and Asia. mb/d this year, eroding its spare capacity cushion.
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