Non-OPEC crude supply to shrink in 2016 on falling capex - OPEC

摘要

LONDON (ICIS)--Crude supply from non-OPEC producers is expected to contract in 2016, as investment cuts in light of the lower oil price and an expected decline in the amount of new oilfield discoveries cut into output, cartel OPEC said on Friday. Non-OPEC oil supply is expected to drop by 740,000 bbl/day year on year in 2016, to an average of 56.4m bbl/day, after strong growth in 2014 and 2015, OPEC said.