Iraq expects global oil demand to grow at a pace of 3% a year in 2023, and OPEC’s second largest oil producer does not plan to cancel projects due to the current slowdown, the country’s oil minister said Oct. 20. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In 2023, “will start the normal oil demand increase of 3% per year,” Ihsan Ismaael told the MEA Energy Week virtual conference organized by Siemens Energy. OPEC has forecast a “catching up” by the sectors most affected by COVID-19 lockdown restrictions to help a rebound in oil demand back to previous volumes by about 2022. However, other organizations have more bearish views for an oil demand recovery. BP, most notably, said in […]