OPEC expecting other producers to cut oil output
Baku, Azerbaijan, March 15
By Aygun Badalova - Trend:
Non-OPEC countries' oil output will be cut in 2016 by 70,000 barrels per day to 56.39 million barrels per day, according to an OPEC monthly oil market report.
The non-OPEC countries produced 57.09 million barrels per day in 2015.
The lowest oil output level (56.01 million barrels per day) by non-OPEC countries is expected for the Q3, 2016, while the highest level of 56.94 million barrels per day is expected for the Q1, 2016.
The OPEC and non-OPEC countries can hold a meeting in mid-April in Doha, Qatar, to discuss the possibility of freezing oil output, according to media reports.
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