IEA downgraded growth in demand for oil in 2017 – RBC

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IEA experts It predicts that in 2017 the daily demand for oil will not grow by 1.3 million barrels, while only 1.2 million barrels

global oil demand growth in 2017 will slow down and there will be less than previously expected it follows from the forecast of the International energy agency (IEA). According to the calculations of its experts, this year the demand for oil in the world will grow by 1.4 million barrels per day, and the next – only 1.2 million barrels

In the July forecast of growth in demand in the IEA. 2017 was estimated at 1.3 million barrels. Thus, p Projection of deteriorated by 100 thousand. bpd .

According to the IEA, in next year’s global oil demand will be 97.5 million barrels, much more than voiced on Wednesday forecast the Organization of petroleum exporting countries (OPEC). Analysts expect the cartel that the average level of demand on the basis of 2017 will amount to 95.41 million barrels per day, and in the autumn and winter will exceed 96 million barrels.

IEA Experts say that global oil production in July 2016 increased compared to June by 800 th. barrels per day. However, in comparison with July 2015 the volume of oil production was lower due to the impact of reduced production by non-OPEC countries in the previous months. At the end of 2016 the volume of oil production outside OPEC, the IEA forecast to decline by 900 th. Barrels per day.

At the same time Saudi Arabia in July to increase production to a record level ever, that, taking into account the growth of production in Iraq, bringing the volume of oil production in the OPEC countries, to 33.39 million barrels per day (680 thousand. barrels more than in July 2015), which is the highest in the past eight years.

According to the forecast of the IEA experts, in August 2016 the average oil price will be about $ 45 per barrel. In the course of trading on the stock exchange ICE on Thursday, a barrel of Brent cost ranged between $ 43.4 and 44.