We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
This website does not provide services to residents of United States.
Market News OPEC's statement! Demand will be stronger and supply will face shortages

OPEC's statement! Demand will be stronger and supply will face shortages

On September 13, OPEC's monthly report showed that OPEC believes that demand for its crude oil will be stronger this year and next year. It raised its oil demand forecast for 2022 by 980,000 barrels per day to 10.08 million barrels per day. The pace of oil demand recovery Will be stronger, mainly in 2022.

LEO
2021-09-13
10156

GMT+8 On Monday (September 13), OPEC's monthly report shows that OPEC believes that demand for its crude oil will be stronger this year and next year, and raises its crude oil demand forecast for 2022 by 980,000 barrels per day to 10.08 million barrels per day. , The recovery of oil demand will be stronger, mainly in 2022.



The OPEC monthly report lowers the production forecast for non-OPEC countries in 2021 by 200,000 barrels per day, maintains the oil demand growth forecast for the whole year of 2021 basically unchanged at 5.96 million barrels per day, and raises the oil demand forecast for 2022 by 980,000 barrels per day. Barrels/day, to 10.08 million barrels/day. The forecast for global oil demand for the fourth quarter of 2021 will be lowered by 110,000 barrels/day to 99.7 million barrels/day due to the influence of the Delta strain.

OPEC raised its forecast for global crude oil demand in 2022 by 1.1 million barrels/day to 28.75 million barrels/day. It is estimated that global oil demand will increase by 4.15 million barrels/day in 2022 (previous month’s report is expected to be 3.28 million barrels/day, September (Estimated at the OPEC+ meeting is 4.2 million barrels per day)

It is currently believed that the pace of recovery in oil demand will be stronger, mainly in 2022. With the increase in vaccination rates, it is expected that the epidemic will be better controlled, and economic activities and liquidity will be firmly restored to their pre-epidemic levels. , Further recovery will be postponed to a certain extent until next year, when consumption will exceed the level before the epidemic.

Due to the increase in global fuel consumption and the interruption of production in other regions, OPEC crude oil will be even stronger. Although its member countries have resumed idle production, the world will continue to face crude oil supply shortages in the next few months, and the global economy will recover. Liquidity rebounded sharply, which greatly boosted oil demand growth in the first half of the year. Although this trend is expected to weaken before the end of 2021, the overall trend is positive.

U.S. net imports of crude oil products decreased by 170,000 barrels per day to 560,000 barrels per day from the previous round of statistics. India’s net imports of petroleum products decreased by 60,000 barrels per day to 3.43 million barrels per day from the previous round of statistics. China’s net imports of petroleum products increased by 250,000 barrels per day to 9.91 million barrels per day from the previous round of statistics. In July, OECD oil inventories increased by 10.5 million barrels to 2.91 billion barrels.

Second-hand data shows that Iraq’s August crude oil production increased by 90,000 barrels/day to 4.056 million barrels/day; Iran’s August crude oil production decreased by 0.8 million barrels/day to 2.485 million barrels/day; the UAE’s August crude oil production increased by 55,000 barrels/day. Barrels/day to 2.77 million barrels/day; Congo’s August crude oil production decreased by 14,000 barrels/day to 249,000 barrels/day; Kuwait’s August crude oil production increased by 17,000 barrels/day to 2.441 million barrels/day; Algeria August crude oil production increased by 9 million barrels/day to 920,000 barrels/day; Gabon’s August crude oil production increased by 10,000 barrels/day to 180,000 barrels/day; Venezuela’s August crude oil production remained at 523,000 barrels/day. Change; Libya’s August crude oil production increased by 0.5 million barrels per day to 1.163 million barrels per day.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free