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    Home > Chemicals Industry > Petrochemical News > OPEC maintains its forecast of 6 million barrels/day of crude oil demand growth in 2021

    OPEC maintains its forecast of 6 million barrels/day of crude oil demand growth in 2021

    • Last Update: 2021-07-20
    • Source: Internet
    • Author: User
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    Foreign News reported on May 31 that the OPEC secretariat submitted a document to the Joint Technical Committee (JTC) that the OPEC secretariat believes that the current oil market prospects are more severe than those during the meeting last month
    .
    The oil market supply shortage this year is expected to average 1.
    4 million barrels per day, and in April it is expected to be 1.
    2 million barrels per day
    .


    OPEC maintained its forecast for the growth rate of global oil demand in 2021 at 6 million barrels per day, but lowered its expectations for the supply of crude oil to competitors
    .


    The document also shows that OPEC expects that from September to December this year, crude oil inventories will fall by more than 2 million barrels per day
    .

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