OPEC raises its forecast for oil demand growth in 2023

An annual forecast report released Monday showed that the Organization of Petroleum Exporting Countries (OPEC) has increased its forecast for global oil demand in the medium and long term.

And “OPEC” said investments of $ 12.1 trillion are needed until 2045 to meet this demand, despite efforts to switch to clean energy sources.

In the report, OPEC maintained its position that global oil demand would not stabilize until after 2035.

The organization said oil demand will grow to 103 million barrels per day in 2023.

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