Date: 6 days ago   Category: Energy

The OPEC lowered the forecast for demand for oil in the world in 2019 — Rambler News Service


The OPEC lowered the forecast for global demand for oil in 2019 to 99.87 million barrels a day, follows from the monthly report of the organization. The organization specified in the previous report that demand for oil in 2019 will be 99.94 million barrels a day. Thus, the forecast for demand is corrected on 70 thousand barrels towards decrease. According to data of the organization, in 2018 demand for oil was 98.73 million barrels a day. Thus, in comparison with last year demand for oil in 2019 can grow by 1.14 million barrels a day. According to the forecast, global demand for oil will exceed 100 million barrels a day in the III quarter of the current year, in the IV quarter 2019 demand for oil in the world will reach 100.84 million barrels a day. At the same time the OPEC predicts demand for the oil in 2019 at the level of 30.52 million barrels a day, having lowered assessment on 60 thousand barrels a day in comparison with the previous report. In the previous report the cartel predicted that demand for oil of OPEC will be 30.58 million barrels a day. In comparison with an indicator of 2018 demand for oil of OPEC in 2019 can be reduced by 1.08 million barrels a day. The OPEC notes that in 2018 demand for oil of the organization was 31.6 million barrels a day.

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