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The organization of petroleum output annual world oil outlook

The organization of petroleum output annual world oil outlook

  • Categories:Industry News
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  • Time of issue:2020-03-31 14:57
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The organization of petroleum output annual world oil outlook

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
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Organization of petroleum exporting countries (OPEC) annual world oil outlook report, wrote in a drop in oil prices led to rival supply growth, is now expected to demand for OPEC oil drop degree is not so deep expected last year. Under the pressure of oversupply expand, this week, a drop in oil prices in 2004 not seen since the lows. In addition to north American competition, next year after Tehran to lift sanctions, OPEC will also face pressure on Iran to resume production. However, earlier this month, OPEC member states still says, they will be hard to production, to reject any production limit.

In recent months, OPEC has revised its production data. But the real production will come, because there is little reduce the number of competitors, and governments to reduce energy consumption policy, depressing global demand. Global 2020 on the organization of petroleum exporting countries (OPEC) crude oil demand will be lower than in 2016, due to the fact proved that rival supply more tenacious than expected, thus about OPEC to let down the drop in oil prices to strategy discussion will become more intense. Alone is expected to moderate oil prices rebound, the report is expected in 2015 a basket of OPEC crude oil prices to $55 a barrel, after a year rose $5, 2020 to $80.

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