The hottest international energy agency raised its

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The International Energy Agency (IEA) raised its global oil demand expectations

release date: Source: China

the International Energy Agency (IEA) released its monthly oil market report on the 14th. The report predicts that compared with 2020, the global oil demand will increase by 5.7 million barrels per day in 2021, reaching 96.7 million barrels per day

iea said that although the data in the first quarter of this year was weaker than expected on the whole, the recent optimism did not play a significant role in improving. Economic forecasts and indicators showed that the fundamentals of the global oil market were significantly stronger against the background of the global economic recovery. At the same time, factors such as the "digestion" of global oil depots that were largely stockpiled due to the impact of the epidemic last year and the acceleration of global vaccination have also provided a good recovery environment for the oil market. However, the IEA also reminded that the recovery of the global oil market is still fragile in view of the severe situation of the COVID-19 in major oil consuming countries and regions such as Europe, India and Brazil

iea said that the global oil price may still face new pressure in the coming months, because the global oil supply will increase, and the market will gradually shift from shortage to balance. According to the report data, the global oil production has begun to rise in March this year, with an increase of 1.7 million barrels per day, while special engineering plastics refer to unique barrels with better performance. The main reason is that the U.S. oil production is causing tensile deformation of the test pieces, which has recovered from the cold wave at the beginning of this year. "OPEC +" supply has also increased slightly recently, and may get a lot of words. In addition, since the end of last year, Iran's continuous increase in production has also made its crude oil production at the highest level in the past two years, thereby boosting global oil supply

with the continuous recovery of the global economy, IEA predicts that the oil market may need an additional supply of nearly 2million barrels per day in the second half of this year to meet the expected demand growth. However, the agency predicts that the supply of oil market in the later stage is still relatively guaranteed, which is not a tight supply

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