At the periodic policy meeting on September 1, the organization of oil and partner exporters (OPEC) agreed to maintain the policy that will gradually increase the production of crude oil, even if forecasting Oil consumption demand in 2022 and face pressure from the US on rapid increase in output.Opec consensus to maintain policies to gradually increase crude oil production. (Photo: Reuters) On July 18, OPEC said, 23 members of the group agreed from August to December to provide the market for another 2 million barrels a day, each month will increase output Add 400,000 barrels / day. With it, instead of ending the agreement to cut together in April 2022 as it is expected to initially, OPEC will adjust the plan until December 2022 to prevent the risk of epidemics Broadcasting again. Also on August 31, OPEC experts forecast global crude oil demand growth in 2022 will reach 4
.2 million VND / day, increase compared to the previous forecast figure 3.28 million VND / day. This move takes place in the context of President Joe Biden government who is calling OPEC member countries to pump crude oil to the market to support the recovery of the world economy
In a statement, an advisor Jake Sullivan White House said that the oil production growth rate of key oil producers in the world is not enough at the current moment when the economy began to recover later Pandemic Covid-19. Warning without controlled in highly competitive markets, higher oil prices are at risk of threatening global recovery. US officials affirmed that OPEC needs to act more to support the economic recovery process.OPEC expects global crude oil demand to increase 5.95 million barrels / day in 2021 after a record decrease of 9 million barrels / day last year due to the influence of Covid-19 pandemic. However, global oil demand only increased by 3 million barrels / day in the first half of 2021. On August 31, OPEC General Technical Committee presented an updated report on the oil market Bridge period 2021 - 2022. OPEC said that the market risk will lack about 0.9 million barrels of oil / day this year due to the need to recover faster than supply.ong Bjornar Tonhaugen, heads Rystad Energy's oil market has not yet been known whether the demand for global oil can increase as rapidly as OPEC and the market predicts or not in the Covid-19 CA scene of the new variations
Increasing and forcing countries to continue to impose limited measures to prevent the spread of epidemics.OPEC has taken historical measures in April 2020 when cutting output 9.7 million Barrels / days in an attempt to support oil prices when demand for petroleum products fell sharply due to the impact of Covid-19 pandemic. Since then, OPEC has slowly put output back to the market, while meeting every month to discuss output policies in the next time./.H.Hà (According to Reuters, Investing.com) . Dịch vụ:
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