Russia ensuring rights of workers at FIFA World Cup construction sites — officialSport May 26, 3:08
Russian emergencies minister arrives in flood-hit southern RussiaWorld May 26, 2:56
NATO to join anti-IS coalition but unlikely to engage in combat — chiefWorld May 26, 0:23
Son of LUKOIL corporation co-owner tops list of Russia's richest legateesBusiness & Economy May 26, 0:23
Russian Foreign Ministry: OPCW not rushing to investigate chemical incident in SyriaRussian Politics & Diplomacy May 25, 21:28
Russia’s legendary barque Kruzenshtern calls at Belgian portSociety & Culture May 25, 20:26
OPEC and non-OPEC countries to develop cooperation outside Vienna agreementBusiness & Economy May 25, 19:44
Russia squared-off with Western media blitz to smear World Cup preparationsSport May 25, 19:35
NATO seeks to continue and expand dialogue with RussiaWorld May 25, 19:01
VIENNA, April 16. / TASS / Saudi Arabia has increased the oil production in March by 659,000 barrels per day to 10.29 million barrels per day, OPEC said in its April statement on Thursday.
Oil production by OPEC countries in March increased by 812,000 barrels per day, compared with February to 30.79 million barrels per day.
At the same time, OPEC has maintained the growth forecast for global oil demand in 2015 at 1.17 million barrels per day as compared with 2014.
The growth of oil production in OPEC countries has occurred due to increased demand. The increased seasonal demand for oil from refineries may increase the need for crude oil in the next few months, according to the organization. "Given the expectations of lower oil production in the US in the second half of the year, the increased demand in the oil refinery will be partially satisfied by the oil reserves in the United States," the OPEC report said.
OPEC expects that the global oil demand in 2015 was at 92.37 million barrels per day.