The Organization of the Petroleum Exporting Countries (OPEC) continues to forecast that global oil demand will increase by 4.2 million barrels per day (bpd) in 2022, for a total of 100.8 million bpd, according to a monthly report published on Thursday. thursday (10).
For the 2021 result, the cartel slightly raised its estimate of advance in global demand, by 17,000 bpd, to 5.7 million bpd.
As a result, consumption last year is estimated at 96.6 million bpd.
In the document, OPEC assesses that the positive effects of fiscal and monetary policies adopted in countries that are part of the Organization for Economic Cooperation and Development (OECD) should “more than offset” the impact of the Ômicron variant of the new coronavirus on oil demand. .
out of the group
OPEC also maintained its forecast for an increase in oil supply among non-OPEC countries in 2022, at 3 million bpd, according to a monthly report published on Thursday.
As a result, supply is expected to reach 66.6 million bpd this year.
The countries that should contribute most to the increase in supply in 2022 are the USA and Russia, followed by Brazil, Canada, Kazakhstan, Norway and Guyana, says OPEC.
For 2021, OPEC lowered its estimate of increased supply to 600,000 bpd, bringing total production to 63.6 million bpd.
Also in the report, OPEC reports that its production grew by 60,000 bpd in January compared to December, to an average of 27.98 million bpd, according to secondary sources.
global GDP
OPEC also reiterated its forecast of a 4.2% increase in global Gross Domestic Product (GDP) in 2022, according to a monthly document published on Thursday.
For 2021, the cartel slightly revised upward its estimate of global GDP growth, from 5.5% to 5.6%.
OPEC also confirmed its growth forecasts this year for the US (4%), Eurozone (3.9%) and China (5.6%).
The forecasts, however, remain subject to the uncertainties of the Covid-19 pandemic, such as the spread of variants and the speed of vaccination against the disease, OPEC stressed.
Source: CNN Brasil
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