OPEC lowered its 2010 global oil demand forecast members
Organization of Petroleum Exporting Countries (OPEC) of crude oil in the market yesterday that the monthly report, due to increased non-OPEC supply, the slow world economic recovery, its Member States in 2010 produced the world’s oil demand will be further than the previous estimate decline.
The report notes that global demand for OPEC oil next year produced 27.92 million barrels a day in / day, more than 2009 daily average of 480,000 barrels per day reduction in demand, in order to reduce the previous forecast 380,000 barrels a day; At the same time, due to the increase in Russian production and historical data on the amendment, non-OPEC oil supply in the country will be increased by 43 million barrels a day next year than the previous notice by 10 million barrels per day.
This month, OPEC on the global oil demand forecast and in line last month, is expected to reduce this year’s daily average of 1.65 million barrels per day demand in 2010 increased by 50 million barrels to 84.41 million barrels, of which the daily average of OECD countries will drop the demand for 290,000 to 45.34 million barrels of barrels that China will increase by 280,000 barrels / day of demand, other developing countries will also be maintained within a narrow range of demand growth.
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