OPEC cut crude oil demand forecast for the fourth

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OPEC lowered its crude oil demand forecast for the fourth time

OPEC lowered its crude oil demand forecast for the fourth time

advantages such as long service life on July 18, 2008

[China paint information] the latest monthly report released by the organization of Petroleum Exporting Countries (OPEC) a few days ago estimated that the global crude oil demand in 2008 was 86.81 million barrels per day, a decrease of 90000 barrels from the forecast of the previous month, This is also the fourth time since OPEC lowered its market demand forecast this year

the report points out that the sluggish growth of the world economy is an important reason for the slowdown in the growth of global crude oil demand. The high crude oil price has also suppressed the growth of market demand, especially the growth of fuel demand in the markets of industrialized countries, and this trend will continue until 2009

the report said that if the pressure on fuel demand continues to develop, oil refining enterprises may be forced to reduce production, which will lead to a further downward spiral in the growth of crude oil demand

the report believes that there is a need for relevant space: the reference of the operation process of Jinan gold testing spring testing machine in June. The continuous rise in the world crude oil price is not due to the shortage of crude oil supply, but the geopolitical crisis in the Middle East is becoming tense, and factors such as weather have intensified speculation in the market. In addition, the continued weakness of the US dollar is also an important reason for the rise in oil prices

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