eseoulpost
BusinessWorld Business
World oil demand is anticipated to grow by 1.4 mb/d in 2018: OPEC MOMR
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2017.10.12  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

VIENNA, 11th October, 2017 (WAM) -- In 2018, world oil demand is anticipated to grow by 1.4 mb/d, following an upward adjustment of 30 tb/d over the previous projection, due to the improving economic outlook in the world economy, particularly China and Russia, according to OPEC Monthly Oil Market Report, MOMR, for October.

''World oil demand growth in 2017 is now expected to increase by 1.5 mb/d, representing an upward revision of around 30 tb/d from last previous report, mainly reflecting recent data showing an improvement in economic activities. Positive revisions were primarily a result of higher-than-expected oil demand from the OECD region and China, the MOMR noted.

According to the latest data, August 2017 Chinese oil demand registered growth of around 0.34 mb/d y-o-y with total demand pegged at 11.5 mb/d. Increasing LPG requirements for the petrochemical industry in combination with rising jet fuel and gasoline consumption in the transportation sector saw most of the gains.

LPG demand growth exceeded 0.11 mb/d y-o-y with total consumption recording 1.64 mb/d as propane dehydrogenations capacities,PDH, continue to expand. Chinese PDH capacity is projected to reach 3 million tonnes per year (mt/y) in 2017.

''World oil supply in September was revised up by 0.41 mb/d m-o-m from the previous MOMR to average 96.50 mb/d, representing an increase of 1.08 mb/d y-o-y,'' the report indicated.

''Non-OPEC oil supply in September was up by 0.31 mb/d m-o-m to average 57.65 mb/d and is now projected to grow by 0.68 mb/d y-o-y in 2017 to average 57.69 mb/d, representing a downward revision of 0.10 mb/d from last month’s report.''

The report said that the non-OPEC oil supply forecast in 2018 was also revised downward by 0.06 mb/d to average 58.64 mb/d, indicating growth of 0.94 mb/d y-o-y.

''OPEC NGLs and non-conventional liquids production averaged 6.31 mb/d in 2017, an increase of 0.17 mb/d y-o-y. In 2018, production is forecast to grow by 0.18 mb/d to average 6.49 mb/d.'

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Abu Dhabi Week in China initiative set for Shanghai
2
Marawi liberation proves gov’t working to make PH safe: DOT
3
Two Koreas' diplomats to attend Russian forum this week
4
Sharjah Charity International spends AED22 mn in overseas project in third quarter of 2017
5
Abu Dhabi Airport receives prestigious ACI 'Best Airport', 'Best Improved Airport' awards
6
Busan film festival closes, taking new strides after bumpy years
7
UAE / Healthcare
8
Ministry of Defence organises "Leaders Conference: War in the 21st Century"
9
Pulse Asia poll shows Duterte admin in right direction
10
Biggest non-OPEC oil producers look to Abu Dhabi for new business
Photo News Green Biz
Global platform for smart & sustainable cities officially  launched in Seoul
Global platform for smart & sustai...
min
Global platform for smart & sustainable cities to be launched by World Green Economy Organisation (WGEO) in Seoul on May 23
Global platform for smart & sustai...
min
50 successfully rehabilitated sea turtles released for Endangered Species Day
50 successfully rehabilitated sea ...
min
UAE is well placed to take lead in renewable energy storage
UAE is well placed to take lead in...
min
Bee’ah’s campaign for ‘Recycling Just Got Easier’ sparks community action
Bee’ah’s campaign for ‘Recycling J...
min
Photo News Sports
Veteran midfielder determined to set up strikers in World Cup qualifiers
Veteran midfielder determined to s...
min
Emirates becomes official partner of 2018 Ryder Cup
Emirates becomes official partner ...
min
DOT in talks for staging of Pacquiao-Horn rematch in PH
DOT in talks for staging of Pacqui...
min
Mohammed bin Rashid attends endurance race in Euston Park, UK
Mohammed bin Rashid attends endura...
min
Cebu to host Ironman 70.3 Asia-Pacific C’ship anew   in 2018
Cebu to host Ironman 70.3 Asia-Pac...
min
PyeongChang Olympics wins new strongest ally -- the president
PyeongChang Olympics wins new stro...
min
Official mascot of FIFA Club World Cup UAE 2017 unveiled
Official mascot of FIFA Club World...
min
Official FIFA Club World Cup UAE 2017 mascot to be unveiled Tuesday
Official FIFA Club World Cup UAE 2...
min
Photo News World
Veteran midfielder determined to set up strikers in World Cup qualifiers
Veteran midfielder determined to s...
min
Emirates becomes official partner of 2018 Ryder Cup
Emirates becomes official partner ...
min
DOT in talks for staging of Pacquiao-Horn rematch in PH
DOT in talks for staging of Pacqui...
min
Mohammed bin Rashid attends endurance race in Euston Park, UK
Mohammed bin Rashid attends endura...
min
Cebu to host Ironman 70.3 Asia-Pacific C’ship anew   in 2018
Cebu to host Ironman 70.3 Asia-Pac...
min
PyeongChang Olympics wins new strongest ally -- the president
PyeongChang Olympics wins new stro...
min
Official mascot of FIFA Club World Cup UAE 2017 unveiled
Official mascot of FIFA Club World...
min
Official FIFA Club World Cup UAE 2017 mascot to be unveiled Tuesday
Official FIFA Club World Cup UAE 2...
min
Photo News Opinion
Seoul court extends ex-president's detention
Seoul court extends ex-president's...
min
Moon reiterates call for bipartisan efforts to deal with security issues
Moon reiterates call for bipartisa...
min
Moon says promulgation of Korean alphabet connects with spirit of democracy
Moon says promulgation of Korean a...
min
Unification minister urges N. Korea to allow family reunions
Unification minister urges N. Kore...
min
Korea celebrates National Foundation Day on October 3 in ceremonies nationwide
Korea celebrates National Foundati...
min
S. Korea's exports soar 35 pct in Sept. reach all-time high
S. Korea's exports soar 35 pct in ...
min
S. Korean president meets former POWs marking Armed Forces Day
S. Korean president meets former P...
min
Moon calls for increased deterrence against N. Korean nuclear provocations
Moon calls for increased deterrenc...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com