2022 Onshore Outlook – Spears 1

Global oil demand is expected to go up from 99.4 million bbl/day in 2022 to 101.5 million bbl/day in 2023, a 2.1% increase, according to Spears and Associates. This uptick in demand should trickle down to the North American onshore drilling market, as rig counts, crude production and wells drilled are all projected to increase in 2023.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check This Out
Back to top button