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According to this grouping, this first forecast of demand for 2019 badumes an increase of 1.15 million bpd, compared to the forecast of 98.85 mbd for 2018.
OPEC calculations badume that overall consumption in 2019 will increase by 1.47 percent over this year.
The organization said its 15 members could guarantee a sufficient supply to support the stability of the market.
In its July report, the oil industry bloc also expects Europe to continue expanding, albeit at a slower pace, as Economic growth forecasts will decrease slightly.
With regard to the Asia-Pacific oil demand, it will weaken, in accordance with the planned substitution programs.
The slight increase in oil demand in China, compared with 2018, should be offset by an increase in demand. OPEC also reported that its oil production rose in July to reach the highest level recorded this year, due to the higher pumping of the Persian Gulf countries and integration into the oil group. the Democratic Republic of Congo.
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