Key assumptions



- Chapter 1 - Key Assumptions
- Chapter 2 - Energy Demand
- Chapter 3 - Oil demand
- Chapter 4 - Liquids supply
- Chapter 5 - Refining outlook
- Chapter 6 - Oil movements
- Chapter 7 - Energy policies, climate change and sustainable development
- Chapter 8 - Energy scenarios
Secretary General, Chairman of the Editorial Board
Haitham Al Ghais
Director, Research Division, Editor-in-Chief
Ayed S. Al-Qahtani,
Head, Energy Studies Department, Editor
Abderrezak Benyoucef
Main contributors
Chapter 1: Key assumptions
Mohammad AlKazimi, Joerg Spitzy, Jan Ban, Eleni Kaditi, Hans-Peter Messmer, Masudbek Narzibekov, Boris Kudashev, Daniel McKirdy
Chapter 2: Energy demand
Haris Aliefendic, Jan Ban, Reem AlNaeimi, Mohammed Attaba
Chapter 3: Oil demand
Jan Ban, Hans-Peter Messmer, Mohammed Attaba, Christian Diendorfer
Chapter 4: Liquids supply
Julius Walker, Mohammad AlKazimi
Chapter 5: Refining outlook
Haris Aliefendic, Mohammed Attaba
Chapter 6: Oil movements
Haris Aliefendic
Chapter 7: Energy policy, climate change and sustainable development
Julius Walker, Eleni Kaditi, Daniel McKirdy, Boris Kudashev, Irene Etiobhio, Mohammed Attaba, Christian Diendorfer
Chapter 8: Energy scenarios
Jan Ban, Julius Walker, Eleni Kaditi
Other contributors
Behrooz Baikalizadeh, Mohammad Zarie Zare, Mhammed Mouraia, Mohamed Sarrab, Tona Ndamba, Yacine
Sariahmed, Asmaa Yaseen, Ali Dehghan, Nadir Guerer, Aziz Yahyai, Pantelis Christodoulides, Douglas Linton,
Hannes Eichner, Roland Kammerer, Viveca Hameder, Klaus Stoeger, Mohammad Sattar, Zairul Arifin, Mihni
Mihnev, Justinas Pelenis, Mansoureh Ghodsi
Editorial Team
James Griffin
Design & Production Team
Carola Bayer, Andrea Birnbach
Editorial support
Daniel McKirdy, Sonja Soliman, Dorit Aschauer
OPEC’s Economic Commission Board (as of September 2022)
Samir Madani, Ntika Mbiya Ricardo, Antimo Asumu Obama Asangono, Fernand Epigat, Afshin Javan, Mohammed
Saadoon Mohsin, Abdullah Al Sabah, Abdulnasser Lamin Mohamed Gnedi, Mele Kyari, Yousef Al Salem, Salem
Hareb Al Mehairi, Ronny Rafael Romero Rodriguez
The OPEC Secretariat is grateful for the kind contribution from the Gas Exporting Countries Forum (GECF),
featured in Chapter 2.
The data, analysis and any other information (the “information”) contained in the World Oil Outlook (the “WOO”) is for informational purposes only and is neither intended as a substitute for advice from business, finance, investment consultant or other professional; nor is it meant to be a benchmark or input data to a benchmark of any kind. Whilst reasonable efforts have been made to ensure the accuracy of the information contained in the World Oil Outlook, the OPEC Secretariat makes no warranties or representations as to its accuracy, relevance or comprehensiveness, and assumes no liability or responsibility for any inaccuracy, error or omission, or for any loss or damage arising in connection with or attributable to any action or decision taken as a result of using or relying on the information in the World Oil Outlook. The views expressed in the World Oil Outlook are those of the OPEC Secretariat and do not necessarily reflect the views of its governing bodies or Member Countries. The designation of geographical entities in the World Oil Outlook, and the use and presentation of data and other materials, do not imply the expression of any opinion whatsoever on the part of OPEC and/or its Member Countries concerning the legal status of any country, territory or area, or of its authorities, or concerning the exploration, exploitation, refining, marketing and utilization of its petroleum or other energy resources.
Full reproduction, copying or transmission of the World Oil Outlook is not permitted in any form or by any means by third parties without the OPEC Secretariat’s written permission, however, the information contained therein may be used and/or reproduced for educational and other non-commercial purposes without the OPEC Secretariat’s prior written permission, provided that it is fully acknowledged as the copyright holder. The World Oil Outlook may contain references to material(s) from third parties, whose copyright must be acknowledged by obtaining necessary authorization from the copyright owner(s). The OPEC Secretariat or its governing bodies shall not be liable or responsible for any unauthorized use of any third party material(s). All rights of the World Oil Outlook shall be reserved to the OPEC Secretariat, as applicable, including every exclusive economic right, in full or per excerpts, with special reference but without limitation, to the right to publish it by press and/or by any communications medium whatsoever; translate, include in a data base, make changes, transform and process for any kind of use, including radio, television or cinema adaptations, as well as a sound-video recording, audiovisual screenplays and electronic processing of any kind and nature whatsoever.