Oil Demand Growth Expected to Slow in 2023 But Remain Strong Through 2024 Despite OPEC Cuts and EV Adoption

Oil demand remains high despite economic pressures on consumers.

Expert predicts "very sizable" oil demand growth into 2024.

This coincides with extended OPEC production cuts.

Growth in 2023 expected to slow from 2022 due to electric vehicle adoption.

Oil prices still dependent on OPEC's decision to extend cuts into 2024.