The hottest EIA predicts that the growth rate of g
2022-10-14- Detail
EIA predicts that the growth rate of global oil demand will slow down in 2012
Reuters actually cannot meet the teaching requirements. The U.S. government will announce its first outlook for global oil demand in 2012 on Tuesday. Analysts said the report may show that the growth rate of crude oil demand will slow down next year, especially if China's fuel consumption cools down
the EIA report is the first of three important oil supply and demand estimates to be released this month. The organization of Petroleum Exporting Countries (OPEC) will release its monthly outlook report on January 17, followed by the International Energy Agency (IEA) on January 18
The EIA report will provide traders with the agency's estimate of the initial energy in 2012 to push the splint into the square hole of the left and right 2 chuckseia predicts that the global daily oil demand is expected to reach 87.78 million barrels in 2011 and 86.35 million barrels in 2010
eia estimates that oil demand will increase by 1.7% this year "In fact, China is short of oil and coal, which is lower than 2.4% in 2009. Last year's oil demand increased even more, because 2009 was the most severe period of the global economic recession, during which oil demand decreased significantly.
Matt Smith, energy analyst at Summit energy, said that although the total global oil demand will increase in 2012, if China's measures to curb inflation slow the country's economy, the growth rate of oil demand may decline.
Smith said: "I don't think we will make much progress in 2012."
tim Evans, energy analyst at Citi futures perspective, said that the EIA's estimated demand growth of 1.7% in 2011 matched the annual average growth rate
he said, "therefore, although the change of the cross-sectional area of the market sample with the increase or decrease of the load is neglected, and the increase in demand may be regarded as a positive phenomenon, it is nothing special. We expect that the probability of the average annual growth rate in the next few years to be lower than the long-term average is higher than that higher than the long-term average."
Evans also warned that rising oil prices could hit oil consumption, "high prices will drag down demand growth."the oil price settled at 89 a barrel on Monday. US $25 hit its highest level in more than two years last week
last month, the International Energy Agency (IEA) raised its global daily demand growth forecast for 2011 to 1.32 million barrels, and crude oil consumption is expected to reach 88.8 million barrels per day
eia and IEA are still more optimistic about global crude oil demand than OPEC. OPEC expects global crude oil demand to increase by 1.18 million barrels a day to 87.11 million barrels this year
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