Free Trial

Non-OPEC Supply Growth Driven by US with Decline from Russia

OIL

The key drivers of non-OPEC supply growth according to the OPEC monthly oil market report.

  • In 2022 non-OPEC liquids supply growth projected from the US, Canada, China, Guyana and Brazil, while oil production is expected to decline mainly in Norway and Thailand.
  • In 2023, growth is forecast in the US, Norway, Brazil, Canada, Kazakhstan and Guyana, while oil production is projected to decline, mainly in Russia and Mexico.

Source: OPEC MOMR

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.