Oil supplies from countries outside the Organization of the Petroleum Exporting Countries (OPEC) are expected to grow only marginally next year, as the low oil price and rapid decline rates in major fields curb output, as reported by Reuters. Non-OPEC Oil Supply Forecasts (In millions of barrels per day) Non-OPEC FSU 2008 2009 2008 2009 09 vs 08 Barcap 49.90 49.50 12.50 12.40 -0.40 IEA 49.54 50.04 12.74 12.89 0.50 EIA 49.70 49.89 12.76 12.83 0.19 Deutsche Bank 50.65 50.56 12.75 12.75 -0.09 Newedge 49.50 50.00 0.50 OPEC 50.60 51.20 12.50 12.70 0.60 CGES 49.90 50.10 0.15 Goldman Sachs 49.40 49.00 12.70 12.70 -0.40 --------------------------------------------------------------- Average Total 49.90 50.04 12.66 12.71 0.13 --------------------------------------------------------------
