Share of imported oil to rise (3)

"I'm worrying about how China's economic slowdown will affect its crude demand," he said. "And I do hope that its economic growth will rebound in the fourth quarter."

Taking into consideration the state of the global economy and international market, Al-Sulaiti predicted the Middle East's crude output will decrease next year.

Gary Ross, chief executive officer of the consulting company PIRA Energy Group Inc, said the crude output of the Organization of the Petroleum Exporting Countries, an intergovernmental organization, will be slower in 2013.

At the same time, he predicted non-OPEC countries' output will increase.

Adrian Binks, chairman and CEO of Argus Media Ltd, an agency that reports prices in the energy and commodities markets, had similar thoughts.

"The growth in non-OPEC crude production will be 700,000 barrels a day in 2013, up from 240,000 (barrels a day) this year," he said.

He said crude output in North America and Iraq will help loosen supply constraints in the global market.

dujuan@chinadaily.com.cn

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