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The US Energy Information Administration (EIA) on Wednesday (August 27th) predicted that the daily oil production of the Organization of Petroleum Exporting Countries (OPEC) in the second half of this year will be 600,000 barrels less than the previous estimate, because the production of this The organization has been less than expected. The agency cut its estimate of OPEC oil production in the short-term energy outlook for August (STEO) compared to July. In this regard, the US government last month expected OPEC oil production to meet global demand to exceed the amount agreed by the organization.
The US Energy Information Administration also cut its forecast for world oil production as a result of a review of OPEC oil production estimates, and now expects the average global oil supply in the second half of 2021 to be around 98.9 million barrels per day, which is more than It is estimated that in July it will be less than 99 million and 400 thousand barrels per day.
The organization also said in its monthly report that it expects most OPEC members to adhere to the supply cut agreement in the second half of 2021, with an average production of 33 million barrels per day. The US Energy Information Administration predicts that OPEC oil production in the third and fourth quarters of 2021 will be lower than the organization's oil demand.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
