Date: 2 months ago   Category: Energy

MEA lowered the forecast for increase in demand for oil in 2019 to 1.3 million barrels a day — Rambler News Service


The International Energy Agency (IEA) lowered the forecast for growth of global demand for oil in 2019 to 1.3 million barrels a day. It is said in the monthly report of the agency. In the previous report the agency predicted increase in demand in 2019 at the level of 1.4 million barrels a day. Thus, the forecast is corrected on 100 thousand barrels a day towards decrease. The organization expects demand for oil in 2019 at the level of 100.4 million barrels a day. At the same time the agency estimates growth of global demand for oil in 2018 at 1.1 million barrels a day. Demand for oil in 2018, according to MEA, was 99.1 million barrels a day. Following the results of 2017 MEA estimated growth of global demand for oil at 1.6 million barrels a day. According to data of the agency, demand for oil in the world in 2017 was 98 million barrels a day. In 2016 demand for oil in the world was 96.4 million barrels a day.

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