EIA expects growth in oil supply by non-OPEC countries
Azerbaijan, Baku, Jan. 15 / Trend A.Badalova /
The U.S Energy Information Administration (EIA) expects increase in oil supplies by the non-OPEC countries at 0.2 million bpd to 51.45 million barrels a day in 2010.
The agency increased oil supplies by these countries for this year by 150,000 barrels due to the revised forecasts on Azerbaijan's oil production, the EIA Friday report on oil market says.
Based on EIA estimates, in 2009, oil supplies by non-OPEC countries amounted to 51.3 million barrels a day. According to EIA, in December world oil supply increased by 270,000 barrels per day - up to 86.2 million barrels on the background of production growth in OPEC and non-OPEC countries.
In December, oil production of 12 OPEC countries increased by 75,000 barrels per day - up to 29.1 million barrels, the agency reported.
EIA forecasts on world oil demand remained virtually unchanged. The agency predicts rise in world oil demand at 1.4 million barrels a day - up to 86.3 million barrels in 2010. In 2009, according to EIA estimates, world oil demand fell by 1.3 million barrels a day - up to 84.9 million barrels. In 2010, growth in demand will be observed at the expense of countries outside the Organization for Economic Cooperation and Development (OECD), and in particular Asia.
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