OPEC maintains estimates of oil demand growth in 2023 and 2024
18:50 11.08.2023 10686
Oil demand in 2023 will grow by 2.44 million barrels per day by 2022 to 102.01 million bpd, and in 2024 it will increase by another 2.25 million bpd to 104.25 million bpd With. Such forecasts are given in the monthly report of OPEC, reports Interfax. Thus, the organization upheld the forecasts made last month.
At the same time, the estimate of oil demand in Q1 was increased by 50,000 bpd. 2023, by 10 thousand b/d – in the III and IV quarters, the forecast was reduced by 40 thousand b/d in the II quarter.
“In the OECD (Organization for Economic Co-operation and Development) region, oil demand is expected to grow by 74 thousand b/d on average in 2023, to 46 million b/d. At the same time, demand in the OECD countries of the Americas will be the most significant in the region , led by the US, amid a recovery in demand for jet fuel and gasoline.
Light distillates are also forecast to support demand growth this year,” analysts said. Non-OECD oil demand is forecast to rise by almost 2.4 million b/d to 2023.
“In 2024, sustained global economic growth amid continued improvements in China is projected to lead to an increase in oil consumption,” OPEC said.
Out of a total increase of 2.2 Mb/d in 2024, non-OECD countries will also account for the bulk of the increase, at 2 Mb/d.
The Ambassador of Turkmenistan to Belgium confirmed Ashgabat’s readiness to strengthen partnership with the EU in the field of energy
Ashgabat’s readiness to strengthen cooperation with the European Commission in the energy sector was announced by Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Belgium Sapar Palvanov at a meeting with President of the European Commission Ursula von der Leyen. This is reported by the website of the Foreign Ministry of Turkmenistan.
Trade turnover between Turkmenistan and China in the first half of the year increased by 12.3%
In the first six months of 2023, the trade turnover between Turkmenistan and China increased by 12.3% compared to the same period last year, amounting to about $5.55 billion, according to the General Administration of Customs of China.
At the auction, products of the State Corporation “Turkmennebit” and “Turkmenchemistry” were sold for foreign currency
14 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Turkmenistan and Russia are not competitors in the field of gas supplies to China, - Russian Ambassador
Russia and Turkmenistan are not competitors in the field of gas supplies to China. This was stated by Russian Ambassador to Ashgabat Ivan Volynkin in an interview with TASS.
SC “Turkmengeology” is working to increase the volume of oil and gas production
Last Friday, July 28, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which some issues of state life and draft documents were considered.