No. 07



OPEC Predicts Increase Of More Than 1Mn B/D In Non-OPEC Crude Oil Supply In 2000

OPEC expects non-OPEC crude oil producers to increase their combined output by more than 1mn b/d to an average 45.5mn b/d in 2000, compared with the 1999 average of 44.42mn b/d. In the latest (January) edition of its Monthly Oil Market Report (MOMR), OPEC says that while it has made minor adjustments to its world oil demand and non-OPEC supply figures for 2000, the difference...