James Kirkikis/Shutterstock Oil producers continued to push back against negative market sentiment at this week’s Opec Seminar in Vienna.The seminar, the first since 2018, was unsurprisingly a bastion of pro-fossil fuel sentiment but still saw a pivot toward more diverse participation and top billing for the energy transition. Producers again warned a one-size-fits-all, top-down energy transition approach would backfire, but some seminar participants pushed back. Save for later Print Download Share LinkedIn Twitter Despite ominous macroeconomic signals, a tepid jet-fuel recovery and the sluggish response to repeated supply cuts, producers remain optimistic about demand. Opec projects 2023 demand growth of over 2 million barrels per day. "That is something we haven't seen in the average of the previous 10 years," United Arab Emirates Energy Minister Suhail al-Mazrouei told Energy Intelligence.
