OPEC raises Russia oil output forecast to 10.38 mln bpd in 2023

MOSCOW, Aug 10 (PRIME) -- OPEC has raised the forecast for Russia's oil and gas condensate production by 100,000 barrels per day to 10.38 million barrels per day in 2023, which means a decrease by 650,000 barrels per day, the organization said in a report on Thursday.

Non-OPEC oil production may rise by 1.5 million barrels per day to 67.3 million barrels per day in 2023, the organization said.

OPEC still expects global oil demand to increase by 2.4 million barrels per day to 102 million barrels per day in 2023.

Russia's oil production fell by 100,000 barrels per day to 9.5 million barrels per day in June, as follows from the report.

End