- Analytics
- News and Tools
- Market News
- OPEC lowers 2021 oil demand growth expectation to 5.6 mln bpd from 5.9 mln bpd - Reuters reports, citing an internal OPEC document
OPEC lowers 2021 oil demand growth expectation to 5.6 mln bpd from 5.9 mln bpd - Reuters reports, citing an internal OPEC document
- Under the base case scenario, OPEC+ sees global oil demand at 97.9 mln bpd in December 2021
- Oil market deficit is expected to reach a peak of 2 mln bpd in May
- Oil stocks are seen dropping in every month of 2021, falling by total of 406 mln barrels in 2021
- Under the alternate, lower demand scenario, market is seen to flip into 600,000 bpd surplus in April 2021 and 100,000 bpd surplus in December 2021
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
