In its March report, OPEC raised its forecast for China's oil demand growth this year from the previous increase of 590,000 barrels per day to an increase of 710,000 barrels per day. The OPEC monthly report also shows that the growth rate of global oil demand in 2023 is expected to be 2.32 million barrels per day, which is consistent with the previous forecast.
OPEC Expects China's Oil Demand to Grow to 710,000 bbl/day
In its March report, OPEC raised its forecast for China's oil demand growth this year from the previous increase of 590,000 barrels per day to an increase of 710,000 barrels per day.
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