The World Bank forecasts slow recovery of Kazakhstan economy, the bank’s report called “Kazakhstan: A Long Road to Recovery,” published on July 22 said.

The U.S. Energy Information Administration's (EIA) expects oil production in Azerbaijan to amount to 0.82 million barrels per day (bpd) in 2016 and 0.8 million bpd in 2017.

The International Energy Agency forecasts that the growth of the global oil demand will decelerate during 2016, the recent oil market report of IEA says. Meanwhile, OPEC also cut its prediction on increase of global demand for oil. IEA expects that steady oil demand growth and decreasing non-OPEC supply will balance each other in the near future.