OPEC maintains estimates of oil demand growth in 2023 and 2024
18:50 11.08.2023 9871
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.
Fuel and energy complex products were sold at the exchange auctions to the external and domestic markets
17 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Foreign and domestic companies actively purchased fuel and energy products at exchange trades
34 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The President of Turkmenistan noted the importance of further increasing natural gas production volumes
On May 31, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which topical issues in the life of the country were discussed.
The President of Turkmenistan led a mass bike ride in Ashgabat
President of Turkmenistan Serdar Berdimuhamedov led a mass bike ride that took place on Monday in Ashgabat to celebrate World Bicycle Day.
Turkmenistan and Afghanistan ready to step up the construction of the TAPI gas pipeline
Representatives of the governments of Turkmenistan and Afghanistan expressed their readiness to continue cooperation in the construction of the TAPI gas pipeline and other infrastructure projects, the website of the Foreign Ministry of Turkmenistan reports.