Date: 7 days ago   Category: Energy

MEA lowered the forecast for demand for the Russian oil in 2019 — Rambler News Service


The International Energy Agency (IEA) raised the forecast for global demand for the Russian oil in 2019 to 3.54 million barrels a day, follows from the monthly report of the agency. MEA specified in the previous report that demand for the Russian oil in 2019 will be 3.57 million barrels a day. Thus, the forecast is corrected on 30 thousand barrels towards decrease. For 2020 the agency predicts increase in demand for the Russian oil to 3.58 million barrels a day against 3.61 million barrels a day in the previous forecast. According to MEA assessment, in 2018 demand for the Russian oil was 3.45 million barrels a day. Demand for oil from the Russian Federation in 2017 is estimated at the level of 3.32 million barrels a day.

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