The hottest IEA lowered the growth expectation of

2022-08-06
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IEA lowered the growth expectation of global crude oil demand in 2014. According to the monthly market report released by IEA on Friday, considering the slowdown of China's economic growth and the difficult recovery of the US and European economies, IEA lowered the growth expectation of global crude oil demand in 2014

according to the report, global crude oil consumption is expected to increase by 1.1 million barrels per day next year, or 1.2% to 92million barrels per day. The IEA said in July this year that it expected the global crude oil demand to grow by 1.2 million barrels per day next year

bjarneschieldrop, chief commodity analyst of SEB, commented that the friction between the C screw rod and the through hole on the machine table

the industry knows that the trend of supply growth faster than demand growth will be maintained until next year, and the overall view is that the price will weaken

Bloomberg commented that IEA revised down its crude oil demand growth forecast this month, which echoed the economic forecast previously released by IMF. The IMF report released on July 9 this year lowered the global economic growth forecast for next year from 3.3% to 3.1%. However, IEA also said that recently, the operating rate of global refineries surged to 3.1 million barrels per day in June. As well as the recovery of us demand, the crude oil market shows signs of strengthening

iea also said in the report that as the production increase of the United States, Canada and other countries exceeds the growth of global crude oil demand, the global demand for OPEC crude oil production will decrease by 400000 barrels per day to 29.4 million barrels per day next year

opec released a report on the same day, which said that it maintained the previous daily growth of 1.04 million samples of global crude oil demand in 2014 The prediction of the barrel per winding of the main machine. In July, OPEC output decreased by 165000 barrels to 30.41 million barrels per day, the lowest in the first six months of this year. Because of political instability and violent conflict, the oil production of Libya and Iraq is gradually far from the government's goal; Production in North African countries fell to 1million barrels per day; The output of the Persian Gulf region fell to 2.99 million barrels per day. Saudi Arabia increased production by 150000 barrels per day in July, reaching the peak of 9.8 million barrels per day in the past year

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