Opec Forecast Suggests Member Countries Need to Boost Output

摘要

Forecasts in Opec's latest Monthly Oil Market Report suggest that member countries will have to substantially raise crude production in the second half of the year to avoid market fundamentals pushing oil prices even higher. Opec is forecasting a 1.4 million barrels per day increase in world oil demand to 88.1 million b/d in 2011, a 20,000 b/d increase over its previous forecast, with weaker than expected demand in the US and Japan balanced by stronger than expected demand in China. "China's economy is roaring ahead of all expectations," Opec said.