IEA raised the forecast of increase in demand for oil to the maximum level in two years

The International Energy Agency (IEA) raised the forecast of a global oil demand in 2017 on 100 thousand barrels a day in comparison with the August forecast - to 97,7 million barrels a day. It is said in the September report of the agency, TASS reports.

IEA expects that the global oil demand in 2017 will increase by 1,6 million barrels a day concerning an indicator of previous year. This forecast for 100 thousand barrels a day is higher, than IEA predicted in August. Besides, this indicator is maximum in two years.

IEA also raised the forecast of a global oil demand in 2018 on 100 thousand barrels a day - to 99,1 million barrels a day, the forecast for demand growth in 2018 is increased also by 100 thousand barrels a day - up to 1,4 million barrels a day.

"The oil demand increased by 1,2 million barrels a day in annual terms in the I quarter 2017 and accelerated up to 2,3 million barrels a day in the II quarter because of a combination of sure demand, from the countries which are not entering into OECD (Organization for Economic Cooperation and Development) and very high consumption in the countries of OECD. World growth shall be slowed down in the III quarter because of impact of hurricanes on an oil demand in the USA before rates of world growth are able to jump aside back up in the IV quarter", - it is said in the report of IEA.

IEA expects more marked weakening of inventories following the results of August as the hurricane "Harvey" in the USA exerted strong impact on inventories of oil and oil products in the USA.

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