London News June 11, the International Energy Agency (IEA) on Thursday raised the second quarter of this year, the world's crude oil processing volume is expected, mainly due to increased crude oil processing and marketing of global demand for crude oil is optimistic about recovery.
In the monthly report IEA said global hike this month, the expected volume of crude oil processed, which is mainly based on the following reasons: the Organization for Economic Cooperation and Development (OECD) countries in April released the preliminary data has improved, China close to a record volume of crude oil processed level and is expected to slightly increase the global demand for crude oil.
IEA expects the second quarter of global crude oil processing capacity will reach an average of 7,130 million barrels of daily processing of more than a day before the expected average processing volume increased by 20 million barrels per day. The second quarter of the world's daily crude oil processing capacity will decline over the same period last year 2.9 million barrels a day.
IEA also expects the third quarter of global crude oil processing volume to increase over the second quarter of 1.5 million barrels a day.
Source: www.in-en.com Jun. 14, 2009
