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OPEC increases forecast for 2016 oil production in Russia

OPEC May oil market report says OPEC increased its forecast for oil production in Russia in 2016 by 120,000 barrels per day and now expects oil supply in 2016 grow by 100,000 barrels per day

© Egor Aleev/TASS

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OPEC revises its forecast of 2016 world oil demand growth downwards by 50,000 barrels/day

VIENNA, May 13. /TASS/. OPEC increased its forecast for oil production in Russia in 2016 by 120,000 barrels per day and now expects oil supply in 2016 grow by 100,000 barrels per day to 10.94 mln barrels per day, according to OPEC May oil market report published on Friday.

"According to the latest review of the most prolific fields in Russia and supported by the remarkable growth seen in the first three months of the year, averaging 11.1 mln barrels per day in the Q1 of 2016, higher production by 210,000 barrels per day over the Q4 2015 is indicated," the report said.

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Ukraine was warned about possible missile strike — Pentagon

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WIPO members adopt Riyadh Design Law Treaty

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Enemy losses, mercenary intrigue, humanitarian aid: situation in Kursk Region

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Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

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US administration chooses to escalate Ukraine conflict — Kremlin

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West beginning to realize only part of Ukraine will remain — Lavrov

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Tehran to launch new centrifuges in response to IAEA anti-Iran resolution — statement

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US journalist calls US President Joe Biden’s government 'the fascist state'

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Press review: Russia fires missile at Ukraine plant and Biden forgives Kiev $4.65 bln debt

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Belarusian president believes humanity is on the brink of World War III

Alexander Lukashenko also emphasized that a real information war has been underway for a long time

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Russia hammers Ukrainian military-industrial facilities, energy sites over week

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Spokesman Lin Jian highlighted Washington's use of double standards in handling the Israeli-Palestinian conflict within the United Nations

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NATO enters conflict, Russia has every right to attack its targets now — expert

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Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

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US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

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