Global oil surplus 1.5 million oil drum a day

According to the Russian "Experts" magazine web site reported on February 2, 2015 oil supply is more than demand by 1.94 million barrels a day on an average. At the same time, the oil production rose broadly last year.Iraq, Saudi Arabia and the United States are the largest rise in oil production in 2015.In the first nine months of last year, they increased by 1.8 million barrels a day on an average. Experts believe that, in general, the oil production increase of 2016 will not as obvious as in 2015.
Comprehensive consideration of various factors, this year the amount of oil surplus will at an average level of 800000 to 1.5 million barrels a day.