Browsing Tag

barrels of oil

Oil demand will exceed 100 million barrels

The International Energy Agency (IEA) expects global oil demand to grow by 1.9 million barrels per day (mb/d) in 2023, to a record 101.7 mb/d in total. Regarding the data for 2022, the demand for crude oil by the OECD countries "collapsed"…

OPEC expects demand of 100 million barrels per day

The Organization of Petroleum Exporting Countries (OPEC) considers that the new omicron variant of Covid-19 will have a "slight and short-lived" impact on world demand for crude oil, for which it expects that consumption will exceed 100…

OPEC raised oil production in April

The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its joint production of 26,000 barrels per day during the month of April, although it was still below its maximum quota, according to the monthly report…