In the new monthly report of the Organization of the Petroleum Exporting Countries (OPEC), the world oil demand increased in 2023. Estimate based on market activity in January 2023.
According to OPEC forecasts, oil demand will increase by 2.32 million barrels per day to 101.87 million barrels per day in 2023. This may be due to the improvement in China’s performance after the recovery of activity in the economy after the restrictions related to COVID-19. The price forecast is prepared by experts of OilPrice. OilPrice is one of the most popular oil and gas, alternative energy and geopolitics sites.
Average oil price forecast for 2027 is $90. The estimate is based on the results of a survey of 1,000 energy professionals. The average of all Brent oil price forecasts was $87. At the same time, half of the experts surveyed see the average price between $80 and $95.
Mergen GELDIMUHAMMEDOW,
student of state energy institute of Turkmenistan.
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