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Mass media / Periodicals

The IEA lowered its forecast for oil supply outside OPEC countries in 2020

"Oil of Russia" 14.05.2020 at 12:30

International energy Agency (IEA) forecasts a decline in the supply of oil by countries outside OPEC, in 2020 to of 62.27 million barrels a day, the report of the Agency.

compared with the figure for 2019 the volume of deliveries can be reduced by 3.27 million barrels per day.

In the previous report, the organization predicted a decline in the supply of oil by countries outside OPEC by 1.78 million barrels a day — up to of 63.23 million barrels per day.

In 2019, according to the Agency, the volume of deliveries of oil by countries outside OPEC amounted to 65,54 million barrels per day by 2.08 million barrels per day more than the previous year.

While the IEA assesses oil supply by independent producers in 2018 at the level of 63,46 million barrels per day.

Source: RNS