OPEC has improved the forecast for world oil demand in 2015, downgraded to 2

VIENNA, October 12. OPEC raised its forecast for growth in world oil demand in 2015 to 40 thousand barrels per day, but the forecast for 2016 was reduced by 40 thousand barrels per day. This is stated in the October report of the organization.

OPEC now expects world oil demand in 2015 at the level 92,86 million barrels a day, 1.5 million barrels per day more than in 2014. Prognosis the experts explain the fact that the data on the dynamics of the oil industry for the 3rd quarter of this year was better than expected.

Global oil demand in 2016, according to the forecast, OPEC will be above the level of 2015 by 1.25 million barrels per day and approximately 94,11 million barrels per day. Reduced October forecast for demand in 2016 by 40 thousand barrels a day, OPEC says, first of all, the high base effect in 2015.

In addition, OPEC lowered the forecast of growth of oil production by countries outside the organization in 2015 by 160 thousand barrels per day compared with the September estimate. Now OPEC experts expect growth of this indicator in 2015 is 0.72 million barrels a day 57,24 million barrels per day. The reduction of the forecast is based on the assumption of experts of the OPEC that the reduction in the supply of oil from the U.S. will accelerate in the event of stability in oil prices, na current levels.

The forecast for this indicator for 2016 year experts OPEC lowered by 290 thousand barrels per day and now predict a decrease in oil production by countries not members of the organization in 2016 to 130 thousand barrels per day to 57,11 million barrels per day.

At the same time, OPEC raised its forecast for growth in oil demand of countries in the organization in 2015 by 300 thousand barrels per day. So, OPEC expects demand for its oil to 600 thousand barrels per day compared to 2014 year to 29.6 million barrels a day.

The Outlook for demand for oil of OPEC in 2016 was increased by 500 thousand barrels, and now OPEC is waiting for demand for its oil next year at $ 30.8 million bpd, up 1.2 million barrels per day higher than in 2015.