"By the way, we see now the maximal growth of the demand; the record-high indicators. We have recovered after the pandemic above the 2019 level of oil consumption globally. This stands at 102.4m bpd In other words, incremental growth will be about 2.4m barrels a day," Novak said.

The forecast of the oil demand growth in 2024 was discussed at the meeting of the OPEC+ ministerial monitoring committee, the deputy prime minister said, TASS reported.

"It is about plus 2.2m barrels per day. This is the figure taken as the basis now, as a target to support the supply to the market, taking into account production of OPEC countries, non-OPEC countries, and non-OPEC+ countries," Novak concluded.