Opec expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust economic growth and progress in containing Covid-19 in China. In a monthly report yesterday, the Organisation of the Petroleum Exporting Countries (Opec) said it expects demand to rise by 2.7mn barrels per day (bpd), or 2.7%, in 2023. It left this year’s growth forecast unchanged at 3.36mn bpd. Oil use has rebounded from the pandemic-induced slump in 2020 and is set to exceed 2019 levels this year. The outlook for 2023 suggests a strain on supplies could persist as growth in non-Opec output, which has been hit by Russian losses, is e
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