[size=36][size=33]OPEC warns of the largest oil surplus in 2017 under any circumstances not to reduce production[/size]
[/size]The news agency Buratha 91[ltr] 14/12/2016[/ltr]
Next year, the Organization of Petroleum Exporting Countries warned of Petroleum (OPEC), on Wednesday, increasing excess oil unless members implemented a deal to cut production from record levels, and also what the producers did not apply outside the organization pledges to reduce production made at the beginning of the week.
OPEC said in a monthly report, the Member States of the Organization, pumped 33.87 million barrels a day last month, up 150 thousand barrels for the month of October, according to figures compiled by OPEC from secondary sources.
And implement OPEC agreement to cut production starting from the first of January and agreed a number of countries not members of the organization on Saturday to reduce their production by about 560 thousand barrels per day in support of OPEC plan.
OPEC raised slightly its forecast for supplies from outside the organization in 2017 also announced a rise in the production of its member states, while OPEC production data in November was the highest since 2008.