Date: 7 months ago   Category: Energy

The OPEC lowered the forecast for demand for oil in the world in 2018 — Rambler News Service


The OPEC lowered the forecast for global demand for oil in 2018 at the level of 98,79 million barrels a day, follows from the report of the organization for October. In the September report it was noted that demand for oil in 2018 will be 98,82 million barrels a day. Thus, the forecast is corrected on 30 thousand barrels a day towards decrease. According to data of the organization, in 2017 demand for oil was 97,25 million barrels a day. Thus, in comparison with last year demand for oil in 2018 can grow by 1,54 million barrels a day. Also the OPEC predicts increase in demand for oil in the world in 2019 to 100,15 million barrels a day. In the September report it was noted that demand for oil in 2019 will be 100,23 million barrels a day. Thus, the forecast is corrected on 80 thousand barrels a day towards decrease. According to the forecast, global demand for oil will exceed 100 million barrels a day in the III quarter of the next year, in the IV quarter 2019 demand for oil in the world will reach 101,46 million barrels a day. In comparison with the level of the current year demand for oil in 2019 can grow by 1,36 million barrels a day.

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