IEA Report: OPEC Output Cuts Could Lead to Oil Supply Deficit – A Critical Factor for Business Success
Global Oil Demand and Supply Forecast for 2023 Rising Demand and Supply Constraints The latest analysis from industry experts suggests that global oil demand is expected to increase by 2 million barrels per day (bpd) in 2023, reaching a record high of 101.9 million bpd. At the same time, additional cuts by the OPEC+ alliance…