Non OPEC Oil Output Is Close To The Top?
Global oil 3 barrels per 5 barrels come from non OPEC oil producing countries, and the data released by some organizations have shown that the oil supply situation of non OPEC countries is not good enough, which is undoubtedly another push for high oil prices. There is also a view that the current output of non OPEC countries has been Touch top 。
Analysts of Barclays Capital predict that the oil output of non OPEC countries will drop by 40 thousand barrels this year. Credit Suisse predicts that the oil production of non OPEC countries will not advance or decline until 2012 or even later.
Citigroup said recently that non OPEC oil production is unlikely to increase this year. Mike Wittner, an oil analyst at Societe Generale, said: "the oil output of non OPEC countries is facing the risk of zero growth, and their output has undoubtedly reached the top." and petroleum He also believes that global oil production capacity has reached the top of 85 million barrels per day.
Analysts believe that in recent years, non OPEC oil production is less than estimated for a number of reasons.
First, the new oil field has been delayed, and the production of the exploited oil field has dropped faster than expected, and unpredictable factors such as hurricane in the Gulf of Mexico.
Second, the output of several major non OPEC oil producing areas has declined. The output of Beihai oilfield and Mexico oilfield has declined, and Russian oil production has almost stagnated in recent years.
according to International Energy The IEA reported that the average daily oil production in Russia was 9 million 950 thousand barrels per day in May, down fifth consecutive months from the previous year, and Russia's daily oil output in 2008 was expected to be unchanged at 10 million 100 thousand barrels. IEA also believes that the supply of crude oil in non OPEC countries is expected to rise sharply in the last few months of 2008.
Barclay questioned that IEA's prediction may not be realized in the end. "We believe that IEA overestimates the ability of non OPEC producers to increase supply and ease the situation in the short term."
- Related reading
- Shoe material excipients | Identification Of Huayuan Pure Bamboo Fiber Compact Spinning And Fabric
- Shoe material excipients | Stone Lion Gage: Unremitting Innovation Wins Substantial Orders
- Finished shoes | "Wenzhou People In Northeast China" Open Chain Stores In Russia
- Finished shoes | More Than Ten Yuan Shoes Shoes For More Than One Thousand Yuan
- Hat | Indonesia's New Clothing Import Trade Measures
- Shoe material excipients | Non OPEC Oil Output Is Close To The Top?
- Shoe material excipients | Angola Asks Total To Reduce Oil Production
- Shoe material excipients | China'S Two Oil Reserve Base Can Store 170 Million Barrels Of Crude Oil
- Shoe material excipients | In December 08, Domestic Coal Prices Continued To Fall.
- Finished shoes | Russia'S Footwear Market Needs Improvement
- Angola Asks Total To Reduce Oil Production
- China'S Two Oil Reserve Base Can Store 170 Million Barrels Of Crude Oil
- In December 08, Domestic Coal Prices Continued To Fall.
- Russia'S Footwear Market Needs Improvement
- Import And Export Inspection Catalogue Adds 357 Products To Thirty Thousand Spinning Enterprises.
- The Future Direction Of Leather Shoes Design
- Kunming Industry And Commerce Seized More Than 400 Pairs Of Infringement Shoes
- Shoe Enterprises PEAK Seize Policy To Actively Expand Market Share
- China'S Copper Imports In December Were Flat In November.
- Shoe Industry, Cold Shoes, Boss Changed To Potato.