PW
Español

 

PW
Guyana
Surinam


PW
Trinidad

& Tobago
Caribbean

 

Prices
Graphics

 




Very usefull links



PW
Bookstore





Blogspots

The Global Barrel

Tiempo Culural

Gustavo Coronel

Iran Watch.org

Le Blog des
Energies Nouvelles

News Links

AP

AFP

Aljazeera

Dow Jones

Reuters

Bloomberg

Views and News
from
Norway

 

PW
Bookstore

 

 

 

OPEC cuts world oil demand forecast for 2021

 

 

 

 

 

By AFP

PARIS
Petroleumworld 11 10 2021

OPEC lowered its world oil demand forecast for 2021 on Thursday, citing weaker demand in major consumers China and India, and an expected hit from high energy prices.

In a monthly report, the cartel of major oil producers cut its forecast by around 160,000 barrels per day.

Global demand for 2021 is now forecast to reach 96.4 million barrels per day.

"Revisions were mainly to account for slower than anticipated demand from China and India" in the third quarter, the report said.

"In addition, a slowdown in the pace of recovery in 4Q21 (fourth quarter) is now assumed due to elevated energy prices," it said.

China's economy slowed more than expected in the third quarter as a crackdown on the property sector and a looming energy crisis began to bite.

OPEC's report said India's recovery was "still challenged by the lingering effects of the recent Covid-19 wave".

OPEC expects world oil demand to rise to 100.6 million barrels per day in 2022, 500,000 more barrels per days than before the pandemic in 2019.


 

By Agence France-Presse-AFP


afp.com 11 11 2021

TOP

                                                                                                                                                                                                                                                                                                                                                                                             Contact: editor@petroleumworld.com,


Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2021, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2021, Petroleumworld   / Elio Ohep - All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.