16:12 - 07/12/2017
OPEC said on Wednesday that the global demand for OPEC oil will decline in the next year, at a time when pumping US shale oil producers and other more crude and competitors, indicating that the oil market will see a surplus in 2018.
The organization said in its monthly report I followed / information /, said 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 are pumping more crude."
OPEC production increased to more than this level despite the agreement led the organization to cut supplies began in January.
The organization added in its report that "production has 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 Saudi Arabia and Iraq to pump more crude" .anthy / 25