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[size=36]Mashreq report for "OPEC" on the oil market for the year 2022[/size]
Economie| 05:27 - 10/02/2022
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Baghdad - Mawazine News
, "OPEC" indicated that there is a possibility of an increase in its forecast for global oil demand in 2022, at a time when the global economy is witnessing a recovery from the Corona pandemic, which struck the world in 2020.
In its monthly report, the Organization of the Petroleum Exporting Countries stated, it is It expects oil demand to increase by 4.15 million barrels per day this year.
The organization said in the report that by the end of the year 2021, the demand for oil in non-OECD countries increased by 3.1 million barrels per day.
In OECD countries, it increased by 2.6 million barrels per day, and the United States became a leader in consumption growth, by 1.6 million barrels per day.
In 2022, this ratio is expected to reach 1.8 million barrels per day and 2.3 million barrels per day, respectively. The Organization of "OPEC" explains that the increase in demand for petroleum products, especially diesel, is facilitated by the growth of industrial activity. Air travel is also gradually recovering.
At the end of 2021, demand reached 96.6 million barrels per day, according to OPEC. In 2022, demand is expected to rise to 100.8 million barrels per day, 0.7 million barrels per day more than in 2019 before the crisis.
And oil supplies from non-OPEC countries will increase in 2022 by 3 million barrels per day. And “OPEC” lowered its estimates for 2021, and the report said: “The increase in supplies now will not be 0.7 million, but rather 0.6 million barrels per day to about 63.6 million barrels per day in 2021.”
The main production growth came from Canada, Russia, China, the United States, Argentina and Guyana. At the same time, production fell in the United Kingdom, Colombia, Indonesia and Brazil.
As expected in 2022, the supply of oil from non-OPEC countries will rise by 3 million barrels per day to 66.7 million barrels per day. The main drivers of growth will be the United States and Russia, as well as Brazil, Canada, Kazakhstan, Norway and Guyana.
, "OPEC" indicated that there is a possibility of an increase in its forecast for global oil demand in 2022, at a time when the global economy is witnessing a recovery from the Corona pandemic, which struck the world in 2020.
In its monthly report, the Organization of the Petroleum Exporting Countries stated, it is It expects oil demand to increase by 4.15 million barrels per day this year.
The organization said in the report that by the end of the year 2021, the demand for oil in non-OECD countries increased by 3.1 million barrels per day.
In OECD countries, it increased by 2.6 million barrels per day, and the United States became a leader in consumption growth, by 1.6 million barrels per day.
In 2022, this ratio is expected to reach 1.8 million barrels per day and 2.3 million barrels per day, respectively. The Organization of "OPEC" explains that the increase in demand for petroleum products, especially diesel, is facilitated by the growth of industrial activity. Air travel is also gradually recovering.
At the end of 2021, demand reached 96.6 million barrels per day, according to OPEC. In 2022, demand is expected to rise to 100.8 million barrels per day, 0.7 million barrels per day more than in 2019 before the crisis.
And oil supplies from non-OPEC countries will increase in 2022 by 3 million barrels per day. And “OPEC” lowered its estimates for 2021, and the report said: “The increase in supplies now will not be 0.7 million, but rather 0.6 million barrels per day to about 63.6 million barrels per day in 2021.”
The main production growth came from Canada, Russia, China, the United States, Argentina and Guyana. At the same time, production fell in the United Kingdom, Colombia, Indonesia and Brazil.
As expected in 2022, the supply of oil from non-OPEC countries will rise by 3 million barrels per day to 66.7 million barrels per day. The main drivers of growth will be the United States and Russia, as well as Brazil, Canada, Kazakhstan, Norway and Guyana.
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