EIA has raised the forecast of global oil supplies on 2017
Energy Information Administration US Department of Energy (EIA) has raised the forecast of global oil supplies for 2017 to 97.02 million barrel per day, compared to the previously forecasted 96.99 million barrel per day.
Forecasts for 2016 remain unchanged: EIA expects global oil supplies this year at the level of 96.23 million barrel per day, according to the short-term Energy Market EIA on Wednesday.
According to EIA estimates, in 2015 the world's supply of oil amounted to 95.74 million barrel per day.
In the first quarter of this year, world oil supplies, according to EIA estimates, amounted to 95.61 million barrel per day, in the second quarter of 2016, the EIA expects supply at 95.84 million barrels per day, in the third - 96.76 million barrel per day, in the fourth -96.7 million barrels per day.
The maximum volume of world oil supply in 2017 EIA expects the fourth quarter - at the level of 97.5 million barrels per day.
Oil supplies by non-OPEC projected at 57.04 million barrel per day in 2016, and 56.8 million barrel per day - in 2017.