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Non-OPEC crude oil supply to continue upward trend by 2023

Oil&Gas Materials 30 November 2021 14:37 (UTC +04:00)
Non-OPEC crude oil supply to continue upward trend by 2023

BAKU, Azerbaijan, Nov.30

By Leman Zeynalova – Trend:

Non-OPEC crude oil supply will rise from 44.6 million barrels per day (mbd) as of 2021 to 46.5 mbd in 2022, Trend reports with reference to the US JP Morgan Bank.

Crude oil supply by non-OPEC countries will continue upward trend in 2023 standing at 47.6 mbd.

The table below shows crude production by non-OPEC in 2021-2023 (in mbd):

Non-OPEC

2021

2022

2023

Africa

1. 0

0.9

0.9

Asia

6. 0

5.9

5.7

China

3. 9

3.8

3.7

FSU

12.0

12.7

12.6

Russia

9. 7

10.2

10.2

Latin America

4. 9

5.2

5.4

Brazil

3. 0

3.1

3.3

Middle East

1.5

1.6

1.6

Europe

2.9

3

3.2

Norway

1.8

1.8

2.1

North America

16.2

17.2

18

United States

10.3

11

11.8

Canada

4.3

4.5

4.5

OECD Pacific

0.1

0.1

0.1

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Follow the author on Twitter: @Lyaman_Zeyn

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