Non-OPEC supply to fill global 1996 demand gain
Excess capacity brought on by rapidly rising oil production from outside the Organization of Petroleum Exporting Countries, coupled with stabilization of output from the Commonwealth of Independent States, will hamper OPEC`s efforts to balance the oil market in 1996. World demand for oil is projected to move up sharply. But non-OPEC output will increase even more, challenging OPEC to reduce production quotas. This paper reviews data on supply, demand, and production from these non-OPEC countries and the overall effects it will have on OPEC operations and costs.
- Publication Date:
- OSTI Identifier:
- Resource Type:
- Journal Article
- Resource Relation:
- Journal Name: Oil and Gas Journal; Journal Volume: 94; Journal Issue: 5; Other Information: PBD: 29 Jan 1996
- Country of Publication:
- United States
- 02 PETROLEUM; 03 NATURAL GAS; 29 ENERGY PLANNING AND POLICY; PETROLEUM INDUSTRY; GLOBAL ASPECTS; COMPILED DATA; NATURAL GAS INDUSTRY; PETROLEUM; SUPPLY AND DEMAND; NATURAL GAS; ENERGY DEMAND; FORECASTING; PRICES; PRODUCTION; ECONOMIC ANALYSIS
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