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Spains unemployment rate rose 0.85% month-on-month in July, compared with -1.24% in the previous month.According to Futures News on August 4th, as of 15:00 Beijing time, spot platinum rose 1.13% and spot palladium rose 1.14%.On Tuesday, August 4th, the German DAX 30 index opened 116.65 points higher, or 0.45%, at 26152.48; the UK FTSE 100 index opened 34.24 points higher, or 0.32%, at 10891.94; the French CAC 40 index opened 40.39 points higher, or 0.47%, at 8654.21; the Euro Stoxx 50 index opened 40.05 points higher, or 0.62%, at 6466.55; the Spanish IBEX 35 index opened 22.58 points higher, or 0.11%, at 20005.18; and the Italian FTSE MIB index opened 312.28 points higher, or 0.59%, at 53184.00.Spains unemployment figures changed by 19,500 in July, compared to a decrease of 28,700 in the previous month.On August 4th, the head of the Department of Trade in Services of the Ministry of Commerce introduced the development of service trade from January to June 2026. From January to June 2026, my countrys total service trade volume reached 3,779.75 billion yuan (RMB), a year-on-year increase of 8.3%. Exports totaled 1,504.7 billion yuan, up 17.6%; imports totaled 2,275.05 billion yuan, up 2.9%. The service trade deficit was 770.35 billion yuan, narrowing by 161.42 billion yuan compared to the same period last year. Specifically, from January to June, travel service exports reached 229.2 billion yuan, up 31.1%, the fastest growth among the top five service export sectors; transportation service imports reached 498.1 billion yuan, up 30.4%, the fastest growth among the top five service import sectors.

OPEC Monthly Report: Maintain global economic expectations and raise crude oil demand expectations

LEO

Oct 26, 2021 11:03

GMT+8 On Wednesday (October 13), OPEC published a monthly report showing that despite the rise in oil prices, OPEC is still cautious about oil demand. The 2021 global oil demand growth forecast is lowered by 160,000 barrels/day to 5.8 million barrels/day, and the demand for OPEC crude oil in 2021 is expected to be raised by 100,000 barrels/day to 27.8 million barrels/day.



The OPEC monthly report maintains the global oil demand growth forecast in 2022 unchanged at 4.2 million barrels per day, with an average of 100.8 million barrels per day, and lowers the forecast of oil demand growth in 2021 from the previous 5.96 million barrels per day to 5.82 million barrels per day. /Day, rising natural gas and thermal coal prices will encourage more energy consumption to shift from natural gas to oil. Second-hand data shows that Iran’s September crude oil production increased by 22,000 barrels per day to 2.503 million barrels per day.

The demand for OPEC crude oil in 2021 will be raised by 100,000 barrels/day to 27.8 million barrels/day, and the demand for OPEC crude oil in 2022 will be increased by 100,000 barrels/day to 28.8 million barrels/day.

Second-hand data show that Saudi Arabia’s September crude oil production increased by 139,000 barrels/day to 9.678 million barrels/day, the UAE’s September crude oil production increased by 14,000 barrels/day to 2.789 million barrels/day, and Libya’s September crude oil production decreased by 5 thousand barrels/day. Barrels/day to 1.148 million barrels/day, China’s net imports of petroleum products increased by 1.28 million barrels/day to 11.19 million barrels/day compared with the previous round of statistics.

U.S. net imports of petroleum products increased by 1.01 million barrels per day to 1.53 million barrels per day from the previous round of statistics. India’s net imports of petroleum products increased by 600,000 barrels per day to 4.02 million barrels per day from the previous round of statistics. China's net imports of petroleum products increased by 1.28 million barrels per day to 11.19 million barrels per day from the previous round of statistics.

Maintaining the global economic growth forecasts for 2022 and 2021 at 4.2% and 5.6%, respectively, the global oil demand in 2021 is expected to be 96.6 million barrels per day. (Last month expected to be 96.7 million barrels/day), the 2021 non-OPEC oil supply forecast was lowered by 210,000 barrels/day.

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