The International Energy Agency said that world oil demand will increase by more than 2% in 2023, reaching a record level of 101.6 million barrels per day (bpd).

The Paris-based IEA also said in its monthly report that supply was restricted due to the sanctions imposed by Russia over its invasion of Ukraine. “Economic fears remain as various international institutions have recently reflected negative outlooks,” the IEA said.

Global Oil Demand Set to Rise 2% to New High in 2023, Says IEA | Devamı>>>

OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.

In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said world demand would rise by 3.67 million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast.

OPEC Cuts 2022 World Oil Demand Forecast Due to Ukraine War | Devamı>>>

In the monthly report published by the Organization of Petroleum Exporting Countries (OPEC), global oil production increased by 30,000 barrels per day on average in August 2021 compared to the previous month, and became 95.69 million barrels/day, compared to 4.93 million barrels per day in 2020. barrel/day increased.

According to the Petroleum Market, OPEC’s report, in August, OPEC’s crude oil production amounted to 26 million 762 thousand barrels/day, with an increase of 151 thousand barrels/day compared to the previous month.

Global Oil Production Increases in August | Devamı>>>