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VIENNA, Aug. 18 (Xinhuanet) -- The Organization of
Petroleum Exporting Countries (OPEC) has announced a cut in its estimate
for growth in daily global oil demand in 2005 from 2.0 percent to 1.9 percent.
OPEC said in a monthly report that the daily global oil demand in 2005 would be 83.6 million barrels, an increase
of 1.58 million barrels from 2004.
In July, the organization forecast that the daily
demand increase in 2005 would be 1.62 million barrels.
The report attributed the reduced forecast to a
lower-than-expected consumption in the countries like the United States.
As to economic growth estimates, the report said that
the United States and China would continue the pace of strong development.
Due to a positive forecast of the world economy, the
report forecasts the daily oil demand worldwide in 2006 will be 85.2 million
barrels, 1.6 million barrels more than that of this year.
Meanwhile, the daily global oil demand from OPEC
members for 2006 will rise to 29.2 million barrels, 300,000 barrels more than
that for 2005.
In addition, OPEC forecasts that the non-OPEC oil
producers' daily output in 2006 would be 51.5 million barrels, up by at least 1
million barrels from that of this year.
The 11 OPEC members, which produce more than a third
of the oil consumed worldwide, supplied 30.2 million barrels per day in July, an
increase of 210,000 barrels per day compared with June. Enditem
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