16.03.2009 - Non-Opec nations to increase supply; renewed pressure on oil prices likely
From Financialexpress.com: The Organisation of Petroleum Exporting Countries’ (Opec) preliminary figures indicate that supply from non-Opec nations is expected to average 50.70 mb/d in 2009, an increase of 0.37 mb/d over the previous year and a downward revision of around 190 tb/d from the previous assessment. India’s supply is anticipated to grow by 10 tb/d supported by the Mangala project. On a quarterly basis, supply from non-Opec countries is forecasted to stand at 50.78 mb/d, 50.58 mb/d, 50.48 mb/d, and 50.97 mb/d respectively. .... Full Article: Source
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