U.S. predicts decrease in OPEC oil supplies

Photo: U.S. predicts decrease in OPEC oil supplies  / Oil&Gas

Azerbaijan, Baku, September 11 /Trend, A.Badalova/

Oil supplies by OPEC will decrease in 2013 and 2014 reaching 35.82 million barrels per day (bpd) and 35.62 million bpd respectively, according to the Short-Term Energy Outlook published by the U.S. Energy Information Administration (EIA) on its official website.

In 2012, according to the EIA's estimates, OPEC supply amounted to 36.59 million bpd.

At the same time EIA stressed that in August, unplanned disruptions among the OPEC and non-OPEC producers reached expected 2.7 million bpd, the highest level since at least January 2011. Of this volume, 0.6 million bpd was attributable to non-OPEC producers, while OPEC producers accounted for the remaining 2.1 million bpd of outages.

OPEC disruptions reached the highest level since at least January 2009, EIA said.

EIA predicts non-OPEC supply at 54.3 million bps in 2013 and 55.75 million bpd in 2014 compared to 52.73 million bpd in 2012.

Total world oil supply, according to the EIA's forecasts, will amount to 90.13 million bpd in 2013 and 91.37 million bpd in 2014.

Former Soviet Union's countries will supply 13.51 million bpd in 2013 and 13.38 million bpd in 2014.

EIA expects global oil consumption to increase by 1.11 million bpd to 90.06 million bpd in 2013 and increase by 1.19 million bpd to 91.25 million bpd in 2014. In 2013, 45.79 million bpd will be consumed by OECD (Organisation for Economic Co-operation and Development) countries and 44.27 million bpd - by non-OECD countries. In 2014, the consumption in OECD countries will amount to 45.59 million bpd, in non-OECD - 45.66 million bpd.

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Tags: oil supply, EIA, OPEC