IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion
Green Car Congress
JUNE 18, 2022
This situation might prove short-lived, however, as tougher sanctions on Russia come into full force, oil demand in China recovers from COVID-lockdowns, if sharper Libyan losses persist and the OPEC+ spare production capacity cushion erodes. In 2023, a resurgent China will boost non-OECD demand growth, offsetting a slowdown in the OECD.
Let's personalize your content