From 2017-12-17 at 11:04 (Baghdad time)
Follow up of Mawazine News
The Organization of Petroleum Exporting Countries (OPEC) has confirmed that there are clear positive signs in the global oil market. Global economic growth is expected to reach 3.7 per cent in 2017 and 2018. China's GDP growth - the largest Consumption countries - 6.8 per cent in 2017 and 6.5 per cent in 2018.
"The growth of world demand for oil is also rising. The 2017 forecast has been adjusted by about 400 tons per day since the beginning of the year to reach 1.53 million barrels per day and for 2018 the encouraging dynamic is expected to continue," OPEC said in a report. Forecast 1.51 million barrels per day. "
In its report, OPEC noted that the future of oil supplies from the United States is uncertain given the complex interaction between technology, geology and the economy, which plays a crucial role in influencing the future supply of US shale oil.
The report said that the changes will continue in full swing in the crude oil industry, resulting in the emergence of new producers and technological innovations as well as the international agreement to develop a new framework for public energy policies on measures to combat climate change.
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