IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion
Green Car Congress
JUNE 18, 2022
As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 mb/d and 1.9
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