OPEC forecasts increase in world oil demand

In 2016 world oil demand is expected to grow by 1.25 million barrels per day to an average of 94.21 million barrels per day, the Organization of Petroleum Exporting Countries (OPEC) forecasts.

The demand for OPEC's crude is expected to rise by 1.8 million barrels in comparison with 2015, reaching 31.6 million b/d.

In January, OPEC pumped 32.33 million barrels per day, Interfax reports.