Oil production continues to decline

摘要

GLOBAL oil supply fell by more than 1m b/d in September to 85.6m b/d,following on from a lm b/d fall in August,according to the IEA.Most of the deciine came from outages in the Gulf of Mexico(GOM),caused by hurricanes;production stoppages in Azerbaijan and output declines among Opec producers also contributed to the fall,offsetting higher supply from Russia and the North Sea.The IEA has adjusted down its non-Opec production estimate for Q3 by 100,000 b/d,by 0.5m b/d for Q4-as operators attempt to restore full production at GOM facilities,following Hurricanes Gustav and Ike-and by 245,000 b/d for 2009."New field delays and slower ramp-up to plateau for projects in Latin America,the FSU and Asia,pull back 2009 non-Opec supply to 50.4m b/d,"it says.