简体中文
World Biz
OPEC cuts oil demand estimate in 2019
Last Updated: 2018-10-12 11:41 | Xinhua
 Save  Print   E-mail

OPEC on Thursday lowered its estimate for the global oil demand next year due to the slower economic growth and U.S. shale output growth.

The monthly report of the Organization of the Petroleum Exporting Countries (OPEC) said in its latest report that the world oil demand growth is to decline to 1.36 million barrels a day in 2019 from 1.54 million barrels a day this year.

The cartel believed that the slowing economic growth and the increase of the world oil supply, led by the U.S. shale output rise are the reasons of oil demand decrease.

The oil price rose in the past months due to the U.S. sanctions on Iran.

0
Share to 
Related Articles:
Chinese Economy
Special Coverage
Greek Economy
A window into the Greek and European economy.
Photo
National flag-raising ceremony held in Beijing to celebrate New Year
National flag-raising ceremony held in Beijing to celebrate New Year's Day
Angelababy releases new fashion photos
Angelababy releases new fashion photos
Insight
Research report highlights declining trend of USD
The value of US Dollar is highly likely to go through a downward cycle in the next few years considering the pressure from both fiscal and current account deficits and an anticipated combination of an expansionary monetary policy and restrictive fiscal policy in sight.
Innovate Together: Zhongguancun Forum 2024 to Embrace More Global Collaboration
The upcoming Zhongguancun Forum (ZGC Forum), scheduled from May 25 to 29 in Beijing, promises to be a more international edition, with a diverse array of participants from around the world expected to attend.
China's economic ascendancy: impacts and implications on global trade and investment
China's economy has grown at an extraordinary rate during the last few decades, ranking second in the world in terms of nominal GDP. Numerous factors, such as extensive industrialization, substantial investments in infrastructure and technology, and a big and highly skilled labor population, have contributed to this rapid rise. Not only has China changed dramatically, but the country's transformation from a predominately agrarian nation to an industrial powerhouse has had a huge impact on the rest of the world.
DATA
Most Popular
Greek Economy
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved