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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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International Energy expects increased demand and supply pressure outside OPEC

rocky
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 International Energy expects increased demand and supply pressure outside OPEC Empty International Energy expects increased demand and supply pressure outside OPEC

Post by rocky Fri 16 Mar 2018, 2:05 am

[size=30]International Energy expects increased demand and supply pressure outside OPEC[/size]
15/03/2018 01:43 | Number of readings: 99
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[rtl]Trend Press / Agencies[/rtl]
 
[rtl]The International Energy Agency (IEA) forecast an increase in demand for crude, while warning of a growing supply, coinciding with an increase in commercial stocks .[/rtl]
 
[rtl]The demand for crude will rise to 99.3 million bpd this year, compared to 97.8 million bpd in 2017, the agency said in its monthly report released on Thursday .[/rtl]
 
[rtl]On the other hand, the report of the France-based agency showed that commercial oil inventories recorded the first increase in 7 months in January to 2.871 million barrels .[/rtl]
 
[rtl]The International Energy Agency (IEA) said it expected an increase in non-Opec supply by 1.8 million bpd in 2018 to 97.9 million bpd, led by the United States .[/rtl]
 
[rtl]In the United States, the agency expected output to rise by 1.3 million bpd this year, exceeding the 11 million bpd level at the end of 2018 .[/rtl]
 
[rtl]By 0935 GMT, the benchmark Brent crude was down 0.1 percent at $ 64.82 a barrel .[/rtl]
 
[rtl]While the price of Nymex crude futures contract at $ 60.98 a barrel .[/rtl]


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