admin June 8, 2016

The US Energy Information Administration (EIA) has slightly revised its forecasts on global oil supplies for 2017 to 97.02 million barrels per day compared to previously forecasted 96.99 million barrels per day.
The forecasts for 2016 has been remained the same – this year EIA expects global oil supplies at 96.23 million barrels per day.
In 2015, global oil supplies were 95.74 million barrels per day, according to the EIA’s Short-Term Energy Outlook.
Global oil supplies totaled 95.61 million barrels per day in 1Q2016, it is expected at the level of 95.84 million barrels per day in 2Q2016, 96.76 million barrels per day – in 3Q2016 and 96.7 million barrels per day – in 4Q2016.
Global oil supplies are expected at the level of 96.17 million barrels per day in the first quarter of 2017, 97.07 million barrels per day – in 2Q2016, 97.32 million barrels per day – in 3Q2016 and 97.5 million barrels per day – in 4Q2016.

Source: Trend