| 11.02.2016 - OPEC expects rivals to pump out less oil in 2016 |
| Oil cartel OPEC has cut its forecasts for how much its rival producers will produce in in 2016, while the 12-member group continues to ramp up its own production levels. According to the latest monthly report from the group, whose de facto leader is Saudi Arabia, non-OPEC oil supply is forecast to decline by 700,000 barrels a day (b/d) in 2016 -- 40,000 b/d less than the cartel's January report...............................................Full Article: Source |