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OPEC slightly lifts 2023 global oil demand forecast while trimming supply
- Sees demand up 2.32m bpd this year, up 100k bpd from last month's report
- Sees non-OPEC supply growing 1.4m bpd vs +1.5m bpd prior
- Says Jan OPEC output fell 49k bpd in January to 28.88m bpd
- World economic growth to 2.6% vs 2.5%
- China's oil demand to rise by 590k in 2023
OPEC said that China's recovery and demand is the wild card. There are some who think it could rise by as much as 2m bpd. Of course, it's in OPEC's interest to sandbag on demand... Read More
Posted: Feb 14 2023, 13:17
Author Name: forexlive
Views: 102511