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DewDiligence

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Re: Titan V post# 14424

Friday, 05/12/2017 10:46:18 AM

Friday, May 12, 2017 10:46:18 AM

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…OPEC raised its estimate of 2017 production growth from non-OPEC producers to 950,000 barrels a day over last year’s volume, up from last month’s forecast of 580,000 barrels a day.

The new forecast is based largely on higher-than-expected output growth from U.S. shale-oil producers and Canadian oil-sands operations.

…The rise in non-OPEC supplies will reduce demand for OPEC’s oil this year to 31.9 million barrels a day, down from last month’s forecast of 32.2 million barrels a day, the report said.

https://www.wsj.com/articles/opec-oil-output-falls-further-in-april-1494500402

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