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OPEC predicts that the growth rate of global crude oil demand in 2021 is expected to be 5.
95 million barrels per day, compared with the previous forecast of 5.
89 million barrels per day.
The organization raised its forecast for OPEC's crude oil demand by 200,000 barrels per day to 27.
4 million barrels per day in 2021.
The recovery of the oil market will absorb its additional supply, and most of the growth in oil consumption in 2021 is expected to occur in the second and third quarters.
Since mid-2020, global oil inventories have been falling sharply, and it is expected that they will continue to fall in the coming months.
On the supply side, driven by Iran, oil production increased by 200,000 barrels per day in March to 25.
04 million barrels per day.
Second-hand data show that Saudi Arabia’s March crude oil production decreased by 33,000 barrels/day to 8.
09 million barrels/day; Iran’s March crude oil production increased by 137,000 barrels/day to 2.
Transfer from: National Energy Information Platform
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