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report that the world demand for crude oil of the 2011 Economic Cooperation and Development (OECD) countries, oil demand will account for more than half, ie daily average of 4614 million barrels, an increase of 0.4 percent in the ECDC the organizational countries, North America, the demand will grow by 1.06 percent, reaching a daily average of 2406 million barrels in Western Europe may be reduced by 0.29%, down to a daily average of 1434 million barrels World Steel Pipe News , compared with other emerging industrial regions of oil demand growth relatively rapid increase of 5.11%, reaching a daily average of 928 million barrels, an increase of 2.69 percent in the Middle East to achieve a daily average of 745 million barrels. growth in Latin America will reach 2.52 percent, to $ 6.2 million barrels.
the Organization of Petroleum Exporting Countries (OPEC) in Vienna on the 17th monthly report that, due to sustained world economic recovery, especially in the rapidly growing demand of emerging industrial regions, in 2011 the average world oil demand will reach 8732 million barrels a day this forecast than estimated in December last year, up 21 million barrels.
According to the report, in 2011 the world market demand for OPEC crude oil is also a corresponding increase is expected to reach 2940 million barrels a day last year, Bioupeike estimated in December 16 million barrels a day.
world crude oil pricesWorld Steel Pipe , OPEC crude oil last week's average price also rose to $ 93.30 a barrel, setting a new high since September 2008.
for the recent rising international oil prices, OPEC Secretary General Abdalla El-Badri that the world adequate supply of crude oil, high oil prices and speculation ", he stressed: We can not just increase capacity, regardless of whether the buyer "Badri also pointed out that the current world crude oil inventories adequate consumption of 60 days, significantly higher than the 53 days, the average stock in the past five years.
The report also pointed out that in December last year, OPEC crude oil production has reached 2923 million barrels a day, which is the highest level since February 2010
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