The International Energy Agency reported that demand is likely to rise to 101.6 million barrels per day in 2023, driven by Chinese demand.
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Since October of this year, oil prices have fallen by a quarter to below USD 70 per barrel. A report by the International Energy Agency was released this Wednesday.
The executive of the Energy Research Office, José Mauro Ferreira Coelho, believes that the country will be among the five major exporters of the sector in 2026 due to the combination of production increase and lack of expansion in the oil refinery area.
