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OPEC sees risks in US oil production forecasts

Posted on 13 February 2013

The Organization of Petroleum Exporting Countries said the U.S. should see the biggest output gains among non-OPEC oil producers this year, but it sees the U.S. supply forecast, dependent on growth in shale oil production, as risky.
OPEC, in its monthly report, said the U.S. should increase production by 520,000 barrels per day. It said U.S. production should average 10.51 million barrels a day in 2013 and stand at 10.6 million barrels in the fourth quarter, due to gains in production in the Bakken, Eagle Ford and Permian areas and growth in natural gas liquids………………………………………..Full Article: Source


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