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OPEC now sees non-cartel oil output in 2017

Posted on 13 September 2016

OPEC said Monday that oil production by countries outside the exporters’ cartel was now expected to rise in 2017, revising its previous expectations of a drop. In its monthly report, the Organization of the Petroleum Exporting Countries said Kazakhstan, Norway and Britain were now all expected to produce more next year than forecast earlier.
This means production outside the cartel is expected to rise by 200,000 barrels per day, against previous projections of a 150,000 b/d decline. Global oil demand is projected to continue growing………………………………………..Full Article: Source


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