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2014-07-14 18:50:00

WORLD OIL SUPPLY 2014-15

WORLD OIL SUPPLY 2014-15

World Oil Supply

Non-OPEC oil supply is estimated to have averaged 55.65 mb/d in 2014, an increase of 1.47 mb/d over a year earlier with an upward revision of 30 tb/d from the previous Monthly Oil Market Report (MOMR). OECD Americas was the main driver for growth in 2014. Non-OPEC oil supply is projected to grow at a slower pace of 1.31 mb/d in 2015 to average 56.96 mb/d. OPEC NGLs and nonconventional liquids are estimated grow by 150 tb/d to average 5.81 mb/d in 2014 and are forecast to grow by 220 tb/d to average 6.03 mb/d in 2015. In June 2014, OPEC crude oil production decreased by 79 tb/d to average 29.70 mb/d, according to secondary sources. As a result, preliminary data indicates that global oil supply decreased by 0.26 mb/d in June to average 90.66 mb/d. 

opec.org

Tags: OPEC, OIL, SUPPLY,