OPEC adjusted its forecast for global oil demand in 2016
| By: Wab1|
of Sunday 14/2/2016 1:30
Agencies / Baghdad news
lowered the Organization of Petroleum Exporting Countries "OPEC" its forecast for growth of global demand for oil in 2016 by 10 Aalav barrels a day to reach 1.25 million barrels per day. The organization said in its report for the month of February that global oil demand will grow in 2016 by 1.25 million bpd to 94.21 million bpd, compared with 2015. "the OPEC" that global oil demand last year amounted to 92.96 million barrels per day, which is higher by 1.54 million barrels per day for 2014. He noted, "OPEC" that surplus oil supply in the global market will rise this year than previously expected. The organization said in its report, citing secondary sources that "OPEC" pumped 32.33 million barrels per day in the month of January last increase of 130 thousand barrels per day for the month of December / December.Indicates "OPEC" report that the oversupply will reach 720 thousand barrels per day If the organization in 2016 and continued pumping rate of the month of January, up from 530 thousand barrels a day last month's report.