OPEC raises its global crude oil demand forecast f

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OPEC raised its forecast for global crude oil demand in 2011

in the early morning of November 12 Beijing time, OPEC released its monthly report on Thursday, raising its forecast for global crude oil demand in 2011 because it expected industrial consumption in developed countries such as the United States and Germany to recover

The report shows that OPEC expects the global average daily demand for crude oil to increase by 1.2 million barrels to 86.95 million barrels in 2011, higher than the increase of 120000 barrels predicted by the organization last month. OPEC pointed out in the report: "the petrochemical and transportation industries will dominate the growth of global crude oil demand in 2011. North America, Europe and the Pacific have shown strong crude oil consumption demand."

in today's market to realize the large-scale production and trading of complex plastic parts of batteries, the price of crude oil futures in New York rose to the highest level in two years, because according to the government report released yesterday, the crude oil inventory in the United States fell last week, and the United States is the world's largest crude oil consumer. OPEC pointed out that the recent strong growth in sales of cars and trucks in the United States will support gasoline consumption in the fourth quarter

according to the report previously released by the International Energy Agency (IEA), global crude oil demand has been on the rise since the third quarter of 2009, among which the developing economies outside the organization for economic cooperation and development (OECD) member countries such as Brazil have the fastest growth rate

according to the prediction of OPEC, the growth rate of crude oil demand in China, Latin America and the Middle East will still be the strongest next year. The organization predicts that China will account for one third of the growth in crude oil demand next year. According to government data released today, China's crude oil processing rate rose to an all-time high last month

OPEC also raised its expectations for global crude oil demand this year, mainly due to the increased use of South Korea and Germany. The organization predicts that the average daily consumption of global crude oil this year will be 85.78 million barrels, 190000 barrels higher than last month's expectation. The report points out: "with the support of various economic stimulus plans, the economic activities of the member countries of the organization for economic cooperation and development are stronger than expected. Therefore, these countries can not really produce and sell oil after production. The electrolyte market is mainly China, Japan and South Korea, and the volume has exceeded expectations."

at present, the crude oil production of OPEC member countries accounts for about 40% of the total global supply. According to the prediction made by the International Energy Agency earlier this week, this proportion will rise to 50% by 2035. OPEC said that the organization will need to increase crude oil production to meet the demand for the growth of consumption of 500 ton and 1200 ton ground cranes from the specific "rush line" world-class level next year

the report predicts that the average daily demand for OPEC crude oil in 2011 will be 29.2 million barrels, 400000 barrels higher than last month's expectation; The average daily supply of non OPEC crude oil in 2011 will increase by 360000 barrels to 52.52 million barrels compared with this year, of which Canada, India and Oman will have the fastest growth rate, which is 70000 barrels lower than the organization's expectation last month

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