VOL. XLVI

No 12

24-March-2003

OPEC

Non-OPEC Supply To Grow By 420,000 B/D In 2003, Says JP Morgan

Non-OPEC supplies of crude oil, NGLs and non-conventional oil are expected by JP Morgan analyst Paul Horsnell to increase by 420,000 b/d in 2003. This compares with recent IEA and OPEC predictions which put the growth in non-OPEC supplies at 1.36mn b/d and 900,000 b/d, respectively. In the Weekly Oil Data Report of 5 March, Mr Horsnell said that JP Morgan expected total non-OPEC liquids supply to...