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Rosneft sees world supplies exceeding demand by 1 million bpd till end-2016 - Interfax

Fri, 06th Nov 2015 05:49

MOSCOW, Nov 6 (Reuters) - Igor Sechin, the chief executiveof Rosneft, the world's top listed oil producer byoutput, sees global oil supply exceeding demand by around 1million barrels per day (bpd) until end-2016, he was quoted assaying by Interfax news agency.

Russia is the world's top oil producer and is not an OPECmember. OPEC is unlikely to cut production at its meeting inDecember without non-OPEC cooperation, a senior Gulf OPECdelegate said on Thursday. (Reporting by Katya Golubkova; Editing by Christian Lowe)

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