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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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OPEC expects oil demand to rise in 2018

rocky
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OPEC expects oil demand to rise in 2018 Empty OPEC expects oil demand to rise in 2018

Post by rocky Tue 13 Feb 2018, 2:47 am


OPEC expects oil demand to rise in 2018

09:19 - 13/02/20180

OPEC expects oil demand to rise in 2018 %D8%A7%D9%88%D8%A8%D9%83-2-696x435
 Information / follow up ..
 OPEC expected global demand for oil to grow more rapidly than expected in 2018 due to the strength of the global economy.
According to OPEC's monthly report released on Monday, global demand for oil will rise by 1.59 million barrels per day this year, an increase of 60,000 barrels per day than previously forecast.
"Recent healthy and stable economic developments in major global oil demand centers have been the main driver behind strong oil demand growth," the organization said.
"This close link between economic growth and oil demand is expected to continue, at least in the short term," she said.
However, the report pointed out that the oil market will not be balanced again until the end of 2018 because high prices encourage the United States and other non-OPEC producers to pump more oil.
OPEC expected non-OPEC producers to increase supply by 1.4 million bpd this year. This is an increase of 250 thousand barrels per day from the previous month, the third straight from the forecast was 870 thousand barrels per day in November.
Oil prices were slightly changed after the report was published, maintaining recent gains to trade below $ 64 a barrel. The price exceeded $ 70 per barrel this year for the first time since late 2014. / ended 25 d


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