Baku, Azerbaijan, May 13
By Aygun Badalova - Trend:
Non-OPEC oil supply is forecast to grow by 0.68 million barrels per day in 2015 to average 57.16 million barrels per day, according to the monthly oil market report of OPEC.
The main factors for the lower growth prediction in 2015 are low oil price expectations, the declining number of active rigs in North America, the decrease in drilling permits in the US and the reduction in the 2015 spending plans of international oil companies, according to the report.
OPEC expects a decline in the volume of supply by non-OPEC countries in Q2 and Q3 of 2015.
The oil supply by the non-OPEC countries will be 57.13 million barrels per day in Q2 of 2015, 56.82 million barrels per day in Q3 and 56.97 million barrels per day in Q4, according to the organization's forecast.
The oil supply by these countries totaled 57.75 million barrels per day in Q1, according to the OPEC estimates.
This is while the oil supply by these countries stood at 56.48 million barrels per day in 2014, said OPEC.
The oil supply by the post-Soviet countries will drop by 80,000 barrels per day in 2015 and stand at 13.35 million barrels per day, according to OPEC forecasts.
Edited by SI
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