OPEC to reach pre-pandemic level on production next year

OPEC to reach pre-pandemic level on production next year
# 11 January 2023 16:33 (UTC +04:00)

Energy Information Administration under the Ministry of Energy of the US unveiled its forecast on the daily crude oil production of the OPEC countries (Organization of the Petroleum Exporting Countries) for 2024, APA-Economics reports citing the monthly report of EIA.

Next year, the daily average oil production of OPEC countries is predicted to be 29.51 million barrels.

According to the report, the average daily oil production of OPEC countries this year will be 28.87 million barrels. This is 0.13 million barrels less than the previous forecast.

It is noted that the average daily oil production of OPEC countries last year was 28.68 million barrels, which is 0.07 million barrels more than the previous forecast.

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