The U.S. energy QingBaoShu (EIA) in 10 issued short-term energy and winter fuel prospect cut the report in the next two years the global oil demand growth prospects, and at the same time, to raise the non-oil exporting countries (OPEC) members of the production is expected. EIA is expected to benefit from shale gas yields rise, to the end of October this year the United States gas instant inventory will hit a record high.

Non-opec production is expected to rise

EIA in the latest monthly report will be 2012 global oil demand growth, is expected to cut 45000 barrels to 790000 barrels, day demand expected down to 89.05 million barrels, 2013 years of global oil demand growth, estimated by 80000 barrels to 920000 barrels, day demand expected down to 90.01 million barrels.

EIA also raised 2012 non-opec countries crude oil daily output growth expected to 570000 barrels, September when the daily output growth expectations for 510000 barrels. EIA is expected to total 2012 U.S. crude oil production for daily 6.3 million barrels, average level last year by 700000 barrels, in 2013 the United States crude oil production will increase to average 6.9 million barrels, its highest level since 1993. EIA also expected in the first half of 2013 global crude oil inventory is the same period in 2012 will rise further, this depends on greatly non-opec countries supply growth.

In supply and demand is expected to face change under the conditions of the EIA in 2012 is expected to west Texas intermediate crude oil (WTI) price for an average of $95.55 a barrel, a September expected level by $0.11, 2013 (WTI) crude oil prices averaged $92.63 a barrel, and the last time as expected.

"EIA is expected to with global liquid fuel consumption from quarter decline, as well as high non-opec countries production recovery, the fourth quarter of the year crude oil market nervous status will be mitigated. The report says, non-opec countries continue to blame planning capacity interrupt to brent spot prices in the third quarter to remain in $110 a barrel level, in the fourth quarter is expected to brent oil prices averaged $111 a barrel, but despite the Middle East and north Africa region instability brought a continuing supply of risk may push prices up, still in 2013 is expected to brent crude average price will drop to $103 a barrel.

EIA pointed out that, due to the north sea oil field for regular maintenance, crude oil production for delayed, and lead to brent futures curve backwardation rise modestly. And brent market than short-term nervous, WTI market, Oklahoma Cushing crude oil inventory is still higher than last year level and over the past five years the average level. This leads to brent and WIT oil price slightly expanded, on September 4, from $18.88 a barrel on October 4, expand to $20.1. But is expected by the end of 2013 WTI and brent crude price between will be narrowed to $9 a barrel.