7/8/22, 5:36 PM OPEC Sees Slide In Global Oil Demand In 2023: Report

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Business Commodities OPEC Sees Slide In Global Oil Demand In 2023: Report Advertisement
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OPEC Sees Slide In Global Oil Demand In 2023:

Report
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging
crude and fuel prices help drive up inflation
Commodities Reuters Updated: June 14, 2022 4:17 pm IST

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7/8/22, 5:36 PM OPEC Sees Slide In Global Oil Demand In 2023: Report
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Global oil demand is expected to slow down in 2023 according to OPEC

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OPEC is expected to publish its first demand forecast for 2023 in its monthly Read Next Story
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report on July 12, an OPEC source said.
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OPEC is watching for signs that high fuel prices will lead to oil demand
destruction.

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Two more OPEC delegates said demand destruction is likely to take a toll on oil
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A senior industry source at a trading firm, not affiliated to the IEA or OPEC, also Set

said he expected lower demand growth in 2023, saying his initial estimates
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7/8/22, 5:36 PM OPEC Sees Slide In Global Oil Demand In 2023: Report

pointed to demand growing by 2 million bpd or less, down from 2.6 million bpd
growth in 2022.
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"Crude at $120 a barrel is causing demand destruction," he said. "It is already टर्म जीवन बीमा योजना

happening."
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OPEC originally forecast demand growth in 2022 of 3.28 million
Comments
bpd, in its first forecast published in July 2021, later raising it up to
more than 4 million bpd before cutting it to 3.36 million bpd. Kellogg Executive Education - Kellogg School of
Management

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