AIE estimates a record oil consumption in 2023


Share on social networks

inspenet - 1452

Inspenet, February 20, 2023

The International Energy Agency (IEA) foresees record oil consumption in 2023, driven by China and aviation, according to a report by the entity. Total demand will reach the “record” level of 101.9 million barrels per day (mbd), that is, an increase of 2 million expected in 2023 compared to the previous year.

The expected increase in 2023 is due above all to the Asia-Pacific region (+1.6 million barrels of oil), and especially to China. The Asian giant abandoned the zero covid policy in December and will play a crucial role with the reopening of its borders.

El desafio de los perros robots en Proyecto LASSIE
Conoce a Iris la primera robot profesora con IA de India
Presentan un robot con ruedas y dos brazos llamado RB Y1
La camara digital LSST captara imagenes de zonas desconocidas del universo
Este robot minero puede operar a 1.000 metros de profundidad
Robot dogs tested in LASSIE project for lunar expeditions
Meet Iris: India’s first AI-powered robot teacher
A wheeled, two-armed robot called RB-Y1 unveiled
LSST digital camera to capture images of unknown areas of the universe
This mining robot can operate at a depth of 1,000 meters.
previous arrowprevious arrow
next arrownext arrow

The IEA forecasts that kerosene demand will reach 7.2 mbd (+1.1 million), or almost 90% of 2019 levels.

Global oil demand exceeded the pre-pandemic level in the last quarter of 2022, according to figures released by the Organization of the Petroleum Exporting Countries (OPEC).

In the last quarter of last year, the world demand for oil estimated by the cartel exceeded the barrier of 100 million barrels per day (mbd), standing at 101.17 mbd. This is a figure higher than the average demand estimated by OPEC for 2019 (99.76 mbd).

Demand had decreased with the pandemic, up to 90.98 mbd in 2020 but then recovered to 97.01 mbd in 2021 and 99.55 mbd in 2022.

Source : aviation/

Photo: ShutterStock

Don’t miss the Inspenet News at: