International Energy Agency cuts global oil demand forecast again

The Paris-based International Energy Agency released its monthly oil market report on the 12th, pointing out that due to the slowdown of global economic growth, especially the growth of a number of emerging economies, which is lower than expected, the growth of global oil demand is also lower than originally expected, and it is also possible. Further decline.

The latest forecast shows that the average daily oil demand of the world this year is 89.2 million barrels, which is 50,000 barrels lower than previously expected, but it is still an increase of 1 million barrels per day from the actual average daily demand in 2010. In 2012, the average daily global petroleum demand will increase by 1.3 million barrels this year to 90.5 million barrels, but it will be 210,000 barrels lower than previously expected.

The International Energy Agency said that this year's global economic growth rate is estimated to be only 3.8%, and 3.9% next year. The agency said that due to the global economic slowdown, it may continue to downgrade the forecast data.

On the supply side, the International Energy Agency estimates that the average daily output of crude oil from non-OPEC member countries is about 52.8 million barrels in 2011 and 53.6 million barrels in 2012. The Organization of Petroleum Exporting Countries will increase its average daily output of crude oil by 300,000 barrels to 30.8 million barrels this year, and will maintain 30.5 million barrels in 2012.

The International Energy Agency said that the European sovereign debt crisis has intensified, resulting in a corresponding change in the world economic situation, and the price of crude oil has fallen. However, the determination of European leaders to cope with the debt crisis has prompted the international oil price to rise again.