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The International Energy Agency (IEA) released its monthly oil market report on the 14th.
The report predicts that compared with 2020, global oil demand will increase by 5.
7 million barrels per day in 2021, reaching 96.
7 million barrels per day.
The IEA said that although the data for the first quarter of this year was overall weaker than expected, a number of recent optimistic economic forecasts and indicators indicate that, against the backdrop of the global economic recovery, the fundamentals of the current global oil market are significantly stronger.
At the same time, factors such as the global oil depot that was hoarded by the impact of the epidemic last year are being "digested", and global vaccination has accelerated, which also provides a good environment for the recovery of the oil market.
The IEA said that global oil prices may still face new pressures in the next few months, because global oil supply will increase and the market will gradually shift from shortage to equilibrium.
The report data shows that global oil production has begun to rise in March this year, with an increase of 1.
As the global economy continues to recover, the IEA predicts that the oil market in the second half of this year may require an additional supply of nearly 2 million barrels per day to meet the expected growth in demand.
However, the agency expects that the supply of the oil market in the later period will still be relatively secure, and it is not a tight supply.
Transfer from: China News Network
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