The report expected that the demand for oil will grow in Organization for Economic Cooperation and Development By 1.4 million barrels per day during 2022, while demand in non-OECD countries is expected to grow by 1.3 million barrels per day.
OPEC lowered its forecast for non-OPEC supply growth in 2022 by about 200,000 barrels per day. It also kept the forecast for demand growth for its members’ oil unchanged
The report showed that OPEC production of oil rose by 618,000 barrels per day in August, driven by rising Libyan oil production.
Recall that the alliance OPEC+ He had announced a reduction in the oil production ceiling by two million barrels per day, starting from next November until December 2023, in what is considered the largest production cut since the outbreak of the Corona epidemic.
As stated in the OPEC + statement last week, the extension of… "Cooperation Declaration" Until the end of 2023, ministerial meetings are to be held every 6 months.
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and expectedOPECIn the oil market report for the month of October, the demand for oil will grow oil This year, by 2.6 million barrels per day.
The report expected that the demand for oil will grow in Organization for Economic Cooperation and Development By 1.4 million barrels per day during 2022, while demand in non-OECD countries is expected to grow by 1.3 million barrels per day.
OPEC lowered its forecast for non-OPEC supply growth in 2022 by about 200,000 barrels per day. It also kept the forecast for demand growth for its members’ oil unchanged
The report showed that OPEC production of oil rose by 618,000 barrels per day in August, driven by rising Libyan oil production.
Recall that the alliance OPEC+ He had announced a reduction in the oil production ceiling by two million barrels per day, starting from next November until December 2023, in what is considered the largest production cut since the outbreak of the Corona epidemic.
The OPEC + statement last week also stated that the “declaration of cooperation” would be extended until the end of 2023, with ministerial meetings to be held every 6 months.