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OPEC leaves 2023 world oil demand forecast unchanged
Estimates of world oil demand growth are all over the place for 2023 with ranges from 1 mbpd to 4 mbpd with two major uncertainties in: 1) China and 2) Aviation
How demand unfolds will be the overwhelming determinate of prices in 2023 because Russia continues to find a way to ship supply.
In terms of China, OPEC sees a 510,000 bpd increase, which sounds conservative given the breakneck speed with which they've opened up and got past the worst of covid.
However OPEC's world... Read More
Posted: Jan 17 2023, 13:19
Author Name: forexlive
Views: 102240