sexta-feira, 16 de março, 2018

IEA forecasts that global demand will ensure balance despite of shale

Global demand for oil is expected to grow faster than expected this year, partially offsetting the strong expansion in the production of shale in the US and keeping the commodity balanced market, according to evaluation of the International Energy Agency (IEA). In a monthly report published on Thursday (15), the IEA predicts that the global appetite for crude oil will grow by 1.5 million barrels per day (bpd) this year, 99.3 million bpd, representing an upward revision of 90000 bpd. The increase will be driven by robust demand from industrialised economies, including Europe, USA and Japan, says the Agency. "The rebalancing of the market is clearly moving ahead with supply and demand getting more aligned", highlights report. The IEA displays a more optimistic than last month, when it warned that the shale oil production of the United States could overcome the global demand and undermine the fragile recovery of the oil market. The Agency said yesterday that global oil supply fell back slightly in February compared with the previous month, the 97.9 million bpd, but was still 740,000 bpd higher than that of a year earlier. The IEA predicts that the advance in supply will occur outside the Organization of petroleum exporting countries (Opec). The offer of Nations that do not belong to the cartel is expected to grow nearly 1.8 million bpd in 2018, with 1.5 million bpd will come from the UNITED STATES, says the document. Last month, the U.S. production had 135,000 bpd, expansion to the record level of 10.2 million bpd, thanks to the advancement of shale oil. Recently, the IEA predicted that the U.S. will overcome Russia and become the world's largest producer of oil until 2023. OPEC production, however, fell in February, 32.1 million bpd. The cartel and ten producers who do not belong to the group, including Russia, have sought to reduce your combined in 1.8 million barrels from last year, in an attempt to contain a global oversupply which had been weighing on oil prices from 2014. In 2017, the price has gone up more than 50 percent, in reaction to OPEC's efforts and allies and amid geopolitical risks and trend of dollar weakness. The IEA estimates that Brent will average around $ $67 in 2018, the current prices are about 20% higher than those of the same period last year. Have stocks of the Organization for economic cooperation and development (OECD) grew 18 million barrels in January, 2.871 billion barrels, according to the IEA.
DCI - 16/03/2018 Noticia traduzida automaticamente
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