Forecast for non-OPEC oil supply in 2016 remains unchanged

Jun 13, 2016 12:00 AM

Non-OPEC supply for 2016 is forecast to contract by 0.74 million barrels per day, despite several upward and downward revisions in May, indicating no changes in absolute supply compared with a month earlier, to average 56.4 million barrels per day, says OPEC Monthly Oil Market Report - June 2016.

The downward revisions in Canada, Brazil and Colombia broadly offset upward revisions in the US, UK, Russia and Azerbaijan, according to the report.

The report also says non-OPEC oil supply in 2016 is subject to many uncertainties from economic and technical to geopolitical factors.

"According to the latest update to historical data, total non-OPEC oil supply for 2015 remained unchanged, averaging 57.14 million barrels per day (as compared to 55.67 million barrels per day in 2014)," according to OPEC.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2019 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events