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July 30, 2018, 19:03 London, July 30 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) today estimated that global oil demand in 2019 will surpbad $ 100.3 million.
OPEC badumes that global consumption will increase by 1.47% in 2019.
The organization said its 15 members could guarantee a sufficient supply to support the stability of the market.
According to the July report, the oil bloc also predicts that Europe will continue to expand, albeit at a slower pace, as economic growth forecasts will decline slightly.
Regarding the demand for black gold in Asia-Pacific, the grouping is written According to the planned substitution programs, this will weaken
. The slight increase in oil demand in China compared to 2018 should be offset by an increase in oil demand, especially in Latin America.
OPEC also reported that its oil production had increased in July to reach its highest level this year, due to increased pumping from the Persian Gulf countries and the integration of the Democratic Republic of Congo. [19659003] ag / ms
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