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OPEC expects lower demand for its oil next year
History of edits:: 2017/7/12
{International: Euphrates News} said the Organization of Petroleum Exporting Countries {OPEC} The global demand for OPEC oil will decline in the next year, at a time when pumping US shale oil producers and rivals others more crude, indicating that the oil market will see a surplus in 2018 despite from production cuts led by OPEC.
In its monthly report on Wednesday, countries of the Organization of the Petroleum Exporting {OPEC expects} that " the world would need 32.2 million barrels per day of crude produced by its members in the next year , a decrease of 60 thousand barrels per day , compared with this year , at a time when competitors pumps more raw. "
OPEC production increased to more than this level despite the agreement led the organization to cut supplies began in January.
In the report , OPEC said that "production increased 393 thousand barrels per day in June to 32.611 million barrels per day , led by a rise in the supply of Nigeria and Libya Almafatyn cut production, as well as Iraq and Saudi Arabia to pump more. Ended
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