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Expectations of an increase in global oil demand
8/10/2015 0:00
Baghdad follow up the morning
CEO of Total anticipate strong growth in global oil demand by about 1.7 million barrels a day and possibly more this year. Patrick Bojan told the Oil and Money conference in London on Wednesday «expected global oil demand growth of 1.7 million barrels per day in 2015. Traders have told me they expect more than that. Oil prices rose in futures contracts is limited in Asian trading on Wednesday as US crude exceeded the increase in the dollar, having drawn under the scope of trading goes on in over a month due to expectations of a possible decline in the supply of crude glut record. As well as, according to «Reuters», oil prices jumped more than two dollars a barrel in the previous session, where the benchmark Brent crude closed above $ 50 a barrel for the first time in a month. Crude rose 75 cents to $ 52.67 a barrel, after closing up $ 2.67 equivalent to 5.4 percent at the settlement on Tuesday, but volume was weak because of the holiday in China which lasts up to on Wednesday. It rose WTI $ 1.04 in excess of two percent to $ 49.57 a barrel and was crude rose 2.27 dollars or 4.9 percent on Tuesday. The oil futures jumped nearly two dollars a barrel on the first Tuesday supported by factors including purchases due to technical reasons and data from the US government indicate that global supply glut may recede. The US Energy Information Administration in its report to the expectations of short-term energy is expected that the total global supply increase to 95.98 million barrels per day in 2016, less than 0.1 percent from last month's forecast. It is expected that global demand rises 270 thousand barrels per day to 95.2 million barrels per day, up 0.3 percent from the September forecast. On the other hand may impact statement Mark Papa former head of the oil company Aa.ao.ja Resources on Tuesday that shale oil production growth in the United States will depend this month and will begin to decline early next year due to falling c
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