"The stable market is due to good supply and high inventories. This situation can be maintained by 2020 because non-OPEC countries will increase production to 2.3 million barrels a day," the IEA said. know in the monthly report about oil.

Despite the efforts of OPEC and partners in limiting production, other countries will continue to pump more next year: especially the United States, Brazil, Norway and a new small producer country. , IEA forecast.

The IEA cited this paradox last week: the market is now showing stability despite a lot of geopolitical tensions. "The average price of a barrel of about $ 60 for most of the year despite the many instability factors: the collapse of Iran, Venezuela exports, attacks in Saudi Arabia, instability in Iraq ... ”, IEA CEO Fatih Birol said.

The IEA estimates that global demand for crude oil this year will remain unchanged at plus and minus 1 million barrels per day (MBD) and 1.2 MBD by 2020.

The IEA’s forecast for 2020 is based in part on data from the International Monetary Fund (IMF). The agency expects world economic growth to be 3.4%. "However, the global economy is still uncertain despite recent positive news on US-China trade dispute," the IEA noted.