Politics

Non-OPEC liquids supply projection downgraded

Non-OPEC countries are now expected to produce 63.60 million b/d in 2021, down 0.2 million b/d from March, Report informs, citing S&P Global Platts.

The lowered forecast is “mainly due to the US liquids production outage of 2.2 million b/d seen in February, following the winter storms and freeze.”

Extensive seasonal maintenance in Norway and Canada also caused the supply forecast to be revised down.

Report

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