Baku, Azerbaijan, June 8
By Aygun Badalova - Trend:
Total OPEC oil production will rise to 32.25 million barrels per day in 2016 and 33.04 million barrels per day in 2017, according to the forecasts of the US Energy Information Administration (EIA), published in its Short-Term Energy Outlook (STEO).
According to EIA, OPEC's oil production amounted to 31.55 million barrels per day in 2015.
OPEC oil production capacity will stand at 33.89 million barrels per day in 2016 and 34.37 million barrels pre day in 2017. OPEC surplus oil production capacity is forecast at 1.54 million barrels per day in 2016 and 1.33 million barrels per day in 2017.
On June 2 OPEC failed to agree on output policy and set a new ceiling. The next OPEC meeting will be held Nov. 30 in Vienna.
Total OPEC oil production in April averaged 32.44 million barrels per day, an increase of 188,000 barrels per day over the previous month, according to OPEC latest Oil Market Report.