International Energy Agency again cuts global oil demand forecast

The Paris-based International Energy Agency released a monthly oil market report on the 13th that due to the deterioration of economic growth prospects, global oil demand growth will be lower than originally expected, but the news that the EU will impose economic sanctions on Iran has led to high international oil prices. The latest forecast shows that the average daily demand for oil in the world is about 89 million barrels this year, which is 200,000 barrels lower than the previous month's forecast, but it is still 700,000 barrels more than the actual daily demand in 2010. The average daily demand for oil in 2012 will reach 90.3 million. The barrel will increase by 1.3 million barrels this year, but it is also 200,000 barrels lower than last month. The forecast also shows that the average daily oil consumption of the 34 member states of the Organisation for Economic Co-operation and Development (OECD) will fall by 450,000 barrels to 45.7 million barrels this year and will fall by 310,000 barrels to 45.4 million barrels next year; non-OECD countries The average daily consumption of oil will increase by 1.18 million barrels to 43.3 million barrels this year, and will increase by 1.58 million barrels to 44.9 million barrels next year. The International Energy Agency said that the European sovereign debt crisis has led to an increase in uncertainties in the Eurozone, and major institutions have lowered their economic growth expectations. The economic data for the fourth quarter of this year is not optimistic. The International Energy Agency also cut its mid-term demand forecast, and global average daily oil demand is expected to increase from 88.3 million barrels in 2010 to 95 million barrels in 2016.

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