Stability of OPEC Oil Demand Growth at 1 and 2
reports Mehr News Agency , OPEC on Wednesday (February 7th), released a monthly report on its previous forecast of oil demand growth, announced that air and road trips would increase oil consumption, but potential tariffs in the field of trade. Will not grow economic.
According to the report, global demand for oil will increase to 1 million and 6,000 barrels per day and 1 million barrels per day. Both predictions have been unchanged compared to last month.
OPEC’s prediction of oil demand growth is higher than other products in the industry, and oil consumption is expected to increase in the coming years. Unlike OPEC, the International Agency predicted that demand would reach its peak in this decade because the world is turning to cleaner fuels.
In his report, OPEC has announced that the new President Donald Trump’s business policy has created more ambiguity in the markets and has potentially eliminated the balance between supply and demand and has potentially eliminated the balance between supply and demand. It is not a reflection of the fundamental factors in the market. However, the organization has not changed in its prediction of economic growth in year 2.
In his report, OPEC has said in his report how and how much and other political actions do they have to do. So far, it has been anticipated that these measures will not have a significant impact on the current important hypotheses about demand growth.
After the OPEC report was released, oil prices stabilized and oil prices index Brent North Sea up to $ 5 for Declined per barrel.
The International Energy Agency predicts demand growth in the year 2 to 1 million barrels per day, less than OPEC’s forecast, although the difference between the two energy agencies on demand in demand in Year 2 is much less than year 2.
OPEC and its allies (OPECPlus) has been a series of production reduction in market support since the end of the year. The coalition is currently planning to start a gradual increase in oil production in April.
