17:32 - 6.10.2023

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October 6, Fineko/abc.az. By the end of 2023, the daily demand for oil on the world market will grow up to 2.44 million barrels. And next year, demand will grow even more, to 2.45 million barrels.

ABC.AZ reports that OPEC, citing an analyst report, says that non-OPEC countries, but exporting oil, will produce an additional 1.38 million barrels of oil on the world market for the reported term.

OPEC analysts say that currently Russia and Saudi Arabia have agreed to reduce oil exports to the world market. This led to an increase in prices due to the law of supply and demand, which is considered the main line of the market economy. According to forecasts, in the coming weeks, the price of oil will reach $100 a barrel.