Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
VIENNA, September 12. /TASS/. The Organization of the Petroleum Exporting Countries (OPEC) increased the forecast for global oil demand in 2016 by 10,000 barrels per day, according to the September report of the organization.
According to the new forecast, oil demand in 2016 will grow against the 2015 figure by 1.23 mln barrels per day to 94.27 mln barrels per day.
In addition, OPEC's forecast for oil demand in 2017 was increased by 10,000 barrels per day to the level of 95.42 mln barrels per day, which is 1.15 mln barrels higher than a year earlier.
OPEC lowered its forecast for growth of oil demand in the countries of the organization in 2016 to 200,000 barrels per day in comparison with the August report. Thus, OPEC expects growth of its oil demand in 2016 by 1.7 mln barrels per day compared with 2015 to 31.7 mln barrels.
Oil production forecast for countries outside the organization in 2016 was increased by 190,000 barrels per day against the August estimates. At the same time, OPEC experts expect to see decline of the figure in 2016 of 0.61 barrels per day to 56.32 mln barrels per day against the August forecast at the level of 56.13 mln barrels per day.
The oil production outlook for countries outside of OPEC in 2017 was also increased in September by 540,000 barrels per day against the August forecast. Currently, in 2017 OPEC expects growth of the figure of 200,000 barrels per day compared with 2016 to 56.52 mln barrels per day.