Energy Information Administration under the US Ministry of Energy has increased its outlook on daily global production of hydrocarbons for 2022-2023, APA-Economics reports citing EIA.
The average daily global production of hydrocarbons is expected to be 102,1 mln. barrels next year which is 0.5 mln. barrels more than the previous forecast.
According to report, daily production of hydrocarbons will be 100,08 mln. barrels in 2022, which is 0.19 mln. barrels more than the previous forecast.
Remind that average daily global production of hydrocarbons was 95,57 mln. barrels last year. Daily production in 2020 made up 93.84 mln. barrels. The indicator was 100,61 mln. barrels in 2019.
Taking into account the EIA data, it can be concluded that daily global production of hydrocarbons will exceed pre-pandemic level next year.
Source: Azeri-Press News Agency