A OPEP emite alerta sobre o consumo mundial de petróleo em 2019

OPEC Issues Warning About Global Oil Consumption in 2019

Written by Flavia Marinho

Published on 13/09/2018 at 01:57

Updated on 26/12/2018 at 19:10

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OPEC (Organization of the Petroleum Exporting Countries) Reveals Research Proving the Decline in Oil Consumption in the Global Scenario for Next Year

Do you really believe that oil and its derivatives consumption will decrease worldwide next year? According to a survey conducted by OPEC (Organization of the Petroleum Exporting Countries), countries are consuming less oil every day. Based on consumption data from past years and 2018, the organization projects how sales, exports, consumption, and trade involving oil and its derivatives will be.

The Research

The organization reported that the average consumption for 2019 will be around 100.23 million barrels per day. Currently, in 2018, the average is at 98.82, but by the end of the year, this number will increase and will definitely exceed 100.23 million barrels. OPEC compared the growth from 2018 with the estimate for 2019, and the result confirmed the research data, which showed 1.68% for the current year and 1.45% for 2019.

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How to Solve the Problem

To offset the losses from Iran and Venezuela, Middle Eastern countries could increase production in a short time, and there could be more production from Russia. OPEC raises the alarm and indicated that the demand for crude oil would decrease in 2019, and if it continues as it is currently, the losses will be immense and unprecedented, potentially generating a global deficit.

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OPEC Issues Warning About Global Oil Consumption in 2019

OPEC (Organization of the Petroleum Exporting Countries) Reveals Research Proving the Decline in Oil Consumption in the Global Scenario for Next Year

The Research

How to Solve the Problem

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