IEA sees Russia’s oil output at 11.37 mln barrels/day in 2017

MOSCOW, Dec 13 (PRIME) -- Russia’s oil output may grow by around 0.03 million barrels per day to 11.37 million barrels in 2017, the International Energy Agency (IEA) said Tuesday.

In 2016, oil output is projected to increase by 0.25 million barrels a day on the year to around 11.34 million barrels.

The global oil market may face a deficit of 0.6 million barrels per day in the first half of 2017 on the back of a decision by OPEC and non-OPEC states to cut oil production, the IEA also said.

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