Opec uncertain over non-Opec decline

摘要

Non-Opec oil output forecasts for this year have “become more uncertain”, Opec says in its latest Monthly Oil Market Report (MOMR). Investments are being deferred because of lower oil prices, but “there has been a reduction in production costs, mainly in the US, as well as increased hedging”, it says, while some producers are opting to run at a loss rather than halt operations.