In long term oil production by OPEC will increase by 7 million barrels a day and will reach 44 million barrels a day by 2035, reads BP Energy Outlook.
BP report reads that OPEC increases oil production, but tries to maintain its market share at about 40%.
According to BP forecasts, world demand in liquid hydrocarbons will increase by 20 million barrels a day up to 112 million barrels a day by 2035.
According to OPEC forecasts, during this period oil deliveries by the non-OPEC member-states will increase by 11 million barrels a day.
According to the International Energy Agency (IEA), in April 2016 world oil supplies increased by 250,000 barrels a day up to 96.2 million barrels a day.
According to IEA estimates, last month oil extraction by OPEC increased by 330,000 barrels a day up to 32.76 million barrels a day.
