World Oil Supply & Oil Market Highlights in February 2015

Source: OPEC 2/18/2015, Location: Europe

Non-OPEC oil supply growth in 2014 has been revised up slightly to 1.99 mb/d. This revision was mostly driven by higher output in OECD, Brazil, Kazakhstan and China in 4Q14, partially offset by downward revisions from Azerbaijan, Other Asia Pacific, Australia and Mexico. In 2015, non-OPEC oil supply is projected to grow by 0.85 mb/d, down 0.42 mb/d from the previous assessment. OPEC NGLs are forecast to grow by 0.20 mb/d to 6.03 mb/d in 2015. In January, OPEC crude production decreased by 53 tb/d to average 30.15 mb/d, according to secondary sources.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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