OPEC countries forecast that the growth in global oil demand in 2023 could reach 2.3 million barrels per day (bpd), according to the organization’s website. In absolute terms, oil demand could average 101.9 million bpd in 2023.

Earlier, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haisam Al-Gais said that “black gold” in the future will continue to play the role of a critical component in the international energy market.

Al-Gais also said that the OPEC+ agreement, even years after its conclusion, was key in providing energy stability and developing the oil market. In his view, oil demand will be at 102 million barrels per day (bpd) in 2023, exceeding pre-pandemic coronavirus by 1.9 million bpd. Al-Gais later called for increased investment in oil production to meet future global needs.

Earlier, we reported that Biden wanted to limit oil drilling in Alaska.