Bloomberg News The report cited data from the Conference of the Petroleum Exporting Countries (OPEC) said Saudi Arabia. One of OPEC oil producers. Oil production at a record 10.564 million barrels / day. Over the years the original stats 1980 In addition, OPEC also predicts that another Demand and supply of oil prices on the world market will return to balance in 2016 because of demand for oil from OPEC will increase by 9 thousand barrels / day to 30.1 million barrels / day in 2016. The oil demand in the world market. It rose to 1.34 million barrels / day. Compared to 1.28 million barrels / day in 2015 , while the amount of oil in the world market will decline from other competitors. OPEC to cut production to only three hundred thousand barrels / day from 8.6 lakh barrels / day in 2016, the International Energy Agency (IEA) said that the amount of oil in the world market is still oversupply. The demand is 1.2 million barrels / day in 2016, but dropped the demand in 2015 at 1.4 million barrels / day.
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