Oil demand will grow by an average 1.65 million b/d in 2023, according to consensus as reflected in November forecasts.Energy Intelligence is the most bullish on supply next year, estimating growth of 1.4 million b/d, nearly double consensus.The consensus balance for 2023 points to a net draw of over 300,000 b/d.Weaker fourth quarter 2022 consumption will result in a roughly balanced market for the year. Save for later Print Download Share LinkedIn Twitter An analysis of November forecasts by four agencies shows that demand for hydrocarbon liquids will grow next year by an average 1.65 million b/d to about 101.3 million b/d, which compares to average growth of 2.2 million b/d this year.
