CGES Says Faltering Non-OPEC Production Growth Could Press OPEC To Boost Output

Faltering production growth among non-OPEC oil producers could put pressure on OPEC to keep pace with incremental demand, the London-based Centre for Global Energy Studies (CGES) said in the February issue of its Monthly Oil Report. It said: “Concerns are again rising about non-OPEC increases and forecasts of significant growth in 2012 may be too optimistic.” The consultancy pointed out that after...