According to the organization’s monthly report, oil demand will increase by 3.1 million barrels per day (bpd) in 2022, and by 2.7 million bpd in 2023, data that remains unchanged from the July study.

In 2023, the requests for black gold will be supported by solid economic results in the main consuming countries, by possible improvement in restrictions as a result of Covid-19, as well as by the reduction of geopolitical uncertainties, the text explains.

The group’s output rose sharply in August, by 618,000 bpd, to 29.65 million bpd, although this was largely due to the recovery of Libyan crude deliveries after the disruptions, the document expands.

OPEC, together with other large exporters such as Russia -a group known as OPEC+ -, increased oil extractions in order to eliminate the record cuts applied in 2020 when the pandemic reduced demand.

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