OPEC has lifted its crude oil demand forecast for 2023, to 2.4 million barrels per day (bpd), according to the group’s latest Monthly Oil Market Report (MOMR) released on Thursday. OPEC’s expectation for this year’s oil demand is an upward revision of 100,000 bpd from last month’s forecast. Global oil demand next year is expected to grow by 2.2 million bpd “on the back of a continued rebound in Chinese economic activity, and firm growth in other non-OECD countries.” Meanwhile, OPEC is expecting Non-OPEC…
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