Live Crude Oil Prices, Trading Oil Futures And Crude Oil News - Non-OPEC oil output growth slows to a trickle

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Non-OPEC oil output growth slows to a trickle

Oil production from countries outside OPEC is stagnating despite a more than sixfold rise in oil prices since 2002, driven partly by the failure of non-OPEC producers to deliver a lot more oil. A Reuters survey of 12 analysts put the consensus forecast for non-OPEC oil supply in 2008 at 49.56 million barrels per day (bpd), down from 50.36 million bpd estimated in the previous poll in March.

Topic: Global Oil Supplies

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