According to the latest monthly report released by the International Energy Agency (IEA) on October 13, foreign news agency estimated that China's average daily crude oil demand this year will reach 910 million barrels, an increase of 9.3%.
The agency further predicted that China's average daily crude oil demand in 2011 will reach 9.5 million barrels, which is expected to increase by 4.2% year-on-year.
On the same day, the IEA also revised upward its forecast for global oil demand for 2010-2011, taking into account the stronger-than-expected third-quarter demand; but the agency also downplayed the statement that oil prices will rise next year, and stated that the oil supply Will be at the right level.
The IEA expects that the global average daily petroleum demand will reach 86.9 million barrels this year, and it will increase to 88.2 million barrels in 2011, which is an increase of 300,000 barrels respectively from previous expectations. This is largely due to the International Monetary Authority (IMF). ) The global economy is expected to grow strongly.
The agency further predicted that China's average daily crude oil demand in 2011 will reach 9.5 million barrels, which is expected to increase by 4.2% year-on-year.
On the same day, the IEA also revised upward its forecast for global oil demand for 2010-2011, taking into account the stronger-than-expected third-quarter demand; but the agency also downplayed the statement that oil prices will rise next year, and stated that the oil supply Will be at the right level.
The IEA expects that the global average daily petroleum demand will reach 86.9 million barrels this year, and it will increase to 88.2 million barrels in 2011, which is an increase of 300,000 barrels respectively from previous expectations. This is largely due to the International Monetary Authority (IMF). ) The global economy is expected to grow strongly.