BAKU, Azerbaijan, June 14. The US, Brazil, Norway, Canada, Kazakhstan and Guyana are expected to be the main boosters of global oil supply in 2023, Trend reports.
At the same time, as the latest outlook from OPEC noted, the main decline in oil output is forecast to come from Russia.
"Non-OPEC liquids production in 2023 is forecast to grow year-on-year by 1.4 mb/d to average 67.2 mb/d, unchanged from last month. Minor downward revisions to Other Asia and some other countries were offset by upward revisions to liquids production, mainly OECD Americas," OPEC said in its forecast.
Meanwhile, in 2022, non-OPEC liquids supply, including processing gains, is estimated to have grown by 1.9 mb/d, compared to the previous year, reaching an average of 65.7 mb/d. This estimate remains largely unchanged from the previous month's assessment.
The US witnessed the largest year-on-year increase in total liquids production, with an estimated growth of 1.2 mb/d to average 19.2 mb/d in 2022. Russia, Canada, Guyana, and China also experienced growth of around 0.2 mb/d year-on-year. On the other hand, Norway and Thailand saw the most significant declines in production during this period.
