OPEC Says World Oil Demand Is Slowing
英语课
The oil-producing OPEC cartel has for the fourth straight month trimmed its estimate of world demand for oil for the rest of this year and in 2012.
The 12-nation Organization of the Petroleum 1 Exporting Countries said Tuesday that the demand for oil will still grow this year and next, but not by as much as it had projected earlier. OPEC said the world demand will slow as global economies continue to weaken.
OPEC said its demand estimate is being reduced because of the sluggish 2 U.S. economy, the world's largest, as well as Europe's governmental debt crisis and efforts by China and India to curb 3 fuel consumption.
OPEC, which produces about a third of the world's oil, said it now sees oil demand this year growing by less than a million barrels a day to just under 88 million barrels a day. That cuts 180,000 barrels a day from OPEC's estimate a month ago. It cut 70,000 barrels a day from its 2012 estimate, but still predicts that the overall demand will increase by 1.2 million barrels.
With reduced demand, the price of oil has fallen in recent months -- to about $84 a barrel on the New York market on Tuesday, down from a high this year of more than $116 in April.
n.原油，石油
- The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
- The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
adj.懒惰的，迟钝的，无精打采的
- This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
- Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。