MOSCOW, November 14. /TASS/. The increase in oil supplies by non-OPEC countries in 2022 is revised downward by 30,000 barrels daily to 65.6 mln barrels per day, the Organization of Petroleum Exporting Countries (OPEC) said in its November report.
The United States, Canada, China, Guyana and Brazil are expected to be main growth drivers, OPEC said. Thailand and Norway may reduce oil deliveries at the same time.
OPEC also keeps unchanged the October forecast of non-OPEC oil supplies’ growth by 1.5 mln barrels per day in 2023 to 67.1 mln barrels daily in absolute terms. The US, Norway, Brazil, Canada, Kazakhstan and Guyana are expected to scale up supplies, while Russia and Mexico may lower their oil production. The uncertainty remains high as regards the possible growth of shale oil production in the US and the geopolitical situation in Eastern Europe, OPEC noted.