NATO’s saber-rattling only impairs security of alliance's members — diplomatRussian Politics & Diplomacy May 22, 20:20
Russian sledge hockey team may compete in 2018 Paralympics — IPCSport May 22, 18:53
PM Medvedev says envoy’s murder 'left imprint' on Russian consulate’s work in TurkeyRussian Politics & Diplomacy May 22, 18:40
Peruvian fire-fighting service wants to buy Russian Mi-171 helicoptersBusiness & Economy May 22, 18:00
Putin sets task of accelerating work on super-heavy rocketScience & Space May 22, 17:55
Russian PM comments on decision to remove trade restrictions with TurkeyBusiness & Economy May 22, 17:39
Russia and its EU partners discuss entry point for Turkish Stream’s second lineBusiness & Economy May 22, 17:38
Austrian chancellor to address SPIEF-2017 on June 2Business & Economy May 22, 17:00
Russian air defense weaponry sparks interest at Minsk military showMilitary & Defense May 22, 16:54
MOSCOW, January 18. /TASS/. OPEC’s upward adjustment of oil demand in 2016 is at the level of expectations and this factor will not fundamentally change the oil price, representative of the Economic Development Ministry told TASS on Monday.
"Oil demand rose 1.5% last year and 1.3% more this year, at the level of our expectations. This will not change the picture dramatically," the ministry said.
World oil demand is estimated to have increased by 1.54 mln barrels daily in 2015 to average 92.92 mln barrels per day, OPEC said earlier on Monday in the Monthly Report.
In 2016, oil demand growth is expected to be around 1.26 mln barrels daily, marginally higher than in the previous report, to average 94.17 million barrels a day, OPEC said.
Non-OPEC oil supply in 2016 is now projected to contract by 0.66 mln barrels a day, following a downward adjustment of 0.27 mln barrels/day, the organization reports.
Demand for OPEC crude in 2015 is estimated at 29.9 mln barrels per day, an increase of 0.2 mln barrels daily over the 2014 level. In 2016, demand for OPEC crude is forecast at 31.6 mln barrels per day, some 1.7 mln barrels / day higher than the previous year, OPEC said.