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A drilling rig is pictured at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin


OPEC Predicts Hike in 2017 Surplus

OPEC Predicts Hike in 2017 Surplus

by | Sep 13, 2016 | Business

Demand for crude from the Organisation of the Petroleum Exporting Countries will average 32.48 million barrels per day (bpd) in 2017, OPEC said in a monthly report on Monday. That is down from the previous forecast of 33.01 million bpd. OPEC itself kept output near a...