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Asharq Al-Awsat
Asharq Al-Awsat
Business
London - Asharq Al-Awsat

OPEC Raises 2023 Oil Demand Growth View

Global oil demand will rise this year by 2.32 million barrels per day, OPEC said. Reuters

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions.

Global oil demand will rise this year by 2.32 million barrels per day (bpd), or 2.3%, the Organization of the Petroleum Exporting Countries said on Tuesday in a monthly report.

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