The Energy Information Administration (EIA) under the US Department of Energy has reduced the daily crude oil production forecast of the OPEC (Organization of the Petroleum Exporting Countries) countries for 2023.

According to the information provided by "APA-Economics" with reference to the monthly report of EIA, next year the average daily oil production of OPEC countries will be 28.99 mln.

barrels, which is 0.05 mln more than the previous forecast.

the barrel is short.

According to the report, the daily average oil production of OPEC countries this year is 28.61 mln.

will be a barrel.

This is 0.14 million more than the previous forecast.

there are many barrels.

It should be noted that the average daily oil production of OPEC countries last year was 26.28 mln.

was a barrel.

In 2020, OPEC's daily oil production is 25.6 mln.

barrels, and in 2019 it was 29.27 mln.

was equal to a barrel.

Thus, taking into account EIA data, it can be concluded that OPEC countries will not be able to reach the level of oil production before the coronavirus infection pandemic in the coming year.