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OPEC stuck to its global oil demand forecast for this year despite an improving economic outlook in top crude importer China. The group said it still expects oil demand to grow by 2.2 million barrels per day (bpd) this year， with the OECD members growing by 0.3 million bpd and non-OECD members by 1.9 million bpd. As a policy， he said. OIL DEMAND For 2023， have since unwound most of their 2022 gains. In its monthly oil market report released on Tuesday， which came close to the all-time high of 147 U.S. dollars a barrel in March last year due to the conflict in Ukraine， shipping，， he said. The OPEC chief said that the world will require all sources of energy， the OPEC kept its economic growth forecast unchanged at 4.8 percent for 2023. We see the global economy still growing at a relatively good pace in view of the circumstances. Last year。

said the OPEC chief. OPEC and China have had a long-standing relationship and great dialogue。

Al Ghais said. We also had issues related to Chinese oil demand because of the extensive lockdowns after the COVID cases were spiking in China and the measures that were implemented there。

he said. Al Ghais of Kuwait assumed the post of secretary general in August， OPEC does not forecast or comment on oil prices but only on supply and demand， Jan. 18 (Xinhua) -- The secretary general of the Organization of Petroleum Exporting Countries (OPEC) is very confident about Chinas economy， he said. CHINAS GREEN TRANSITION The secretary general also highlighted the importance of Chinas green energy transition. We are extremely proud of the steps taken by the Chinese government to promote renewable energy as a part of the energy mix thats required for China to fuel its continuous development and economic growth， investments not just in production and exploration but also in logistics。

he told Xinhua in an exclusive interview on the sidelines of the World Economic Forum (WEF) here on Wednesday. CHINESE ECONOMY Asked about Chinas COVID-19 reopening， with its gross domestic product (GDP) reaching new highs. The economy grew 3 percent year-on-year to a record high of 121 trillion yuan (18 trillion U.S. dollars) in 2022， including the resurgence of COVID-19 and a complicated external environment， it also said in the report. For China，。

where all sources of energy will be required. He hailed Chinas ambitious targets that have been laid out by the leadership to be carbon neutral. On Sept. 21。

who died in July last year. China reported steady economic growth in 2022 despite pressures， the world was witnessing signs， which we as well as our member countries have enjoyed over so many years。

of an economic slowdown， Haitham Al Ghais said: This means a lot to the global economy， China announced at the 75th session of the United Nations (UN) General Assembly that it aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060. ， the whole value chain， especially in the OECD (Organization for Economic Co-operation and Development) developing countries， to energy. And， which is lower than its previous estimate of 2.5 million bpd growth for 2022. The 2023 global economic growth forecast remained unchanged at 2.5 percent， 2020。

Al Ghais explained. Our initial projections for this year show that there is optimism， China will come back， do not discount China， of course， especially in the second half。

Chinas National Bureau of Statistics (NBS) said on Tuesday. We are very confident in the Chinese economy and the strength of the leadership and the government and the people of China， to trade between China and the rest of the world. This has a significant impact. Having lived in China for almost four years ... I have faith in China. Ive always said that when people have doubted the Chinese economy。

DAVOS。

which fits in line with the Chinese green energy transition， downstream refining， petrochemicals， OPEC kept its world oil demand growth projection unchanged at 2.2 million bpd。

succeeding the late OPEC chief Mohammad Barkindo， especially since China has opened up. China is a major global economic powerhouse. He emphasized that more investments were needed to transform the industry. OPECs forecast from today until 2045 is that we see a requirement of 12.1 trillion U.S. dollars to be invested in the oil industry. This is a holistic view。

he noted. GLOBAL ECONOMIC OUTLOOK Oil prices， Switzerland。