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Non-OPEC oil output to more than half from 2020 levels

Oil&Gas Materials 18 October 2021 16:24 (UTC +04:00)
Non-OPEC oil output to more than half from 2020 levels

BAKU, Azerbaijan, Oct.18

By Leman Zeynalova – Trend:

Non-OPEC oil production is expected to more than half in 2050 as compared to 2020 levels, Trend reports referring to the International Energy Agency (IEA).

The table below shows the expected oil output by non-OPEC countries in 2030 and 2050 in three different scenarios (mb/d):

Stated Policies

Announced Pledges

Sustainable Development

2030

2050

2030

2050

2030

2050

Non-OPEC output

63.8

56.2

59.1

39.1

53.6

25.9

Non-OPEC oil production stood at 58.3 million barrels per day in 2020.

OPEC oil production is also expected to fall from 30.9 million barrels per day in 2020 to 19.6 million barrels per day in 2050.

The table below shows the forecast oil output by OPEC countries in 2030 and 2050 in three different scenarios (mb/d):

Stated Policies

Announced Pledges

Sustainable Development

2030

2050

2030

2050

2030

2050

OPEC output

36.6

43.7

34.6

35.4

31.7

19.6

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Follow the author on Twitter: @Lyaman_Zeyn

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