IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth
Green Car Congress
APRIL 15, 2023
In its April Oil Market Report , the International Energy Agency (IEA) forecasts that world oil demand will climb by 2 mb/d in 2023 to a record 101.9 Extra cuts by OPEC+ will push world oil supply down 400 kb/d by end of 2023. million barrels per day. Jet/kerosene accounts for 57% of 2023 gains. mb/d versus 4.6 mb/d in 2022.
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