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The Organization of the Petroleum Exporting Countries issued a first forecast for 2019.
The Organization of Petroleum Exporting Countries (OPEC) predicts a decline in oil demand in the United States. coming year. Crude oil consumption continues to grow, but growth is slowing and more and more products are being produced by oil cartel competitors.
The organization that issued its forecast for 2019 estimates that global oil demand will grow by 15 members. OPEC totals 32.18 million barrels per day (1 barrel = 159 liters). Compared to this year's demand, this represents a drop of 760,000 barrels a day
At the same time, the oil cartel announced that it had increased its oil production last month to 32.33 million barrels. barrels a day. In Saudi Arabia, Saudi Arabia has responded to requests from the United States but also to some major importers like China and India
Riyadh reported in June a production of nearly 10.5 million barrels a day, compared to just over 10 million in May bbl / day.
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