BAKU, Azerbaijan, December 13. In 2023, non-OPEC liquids production is set to increase by 1.8 million barrels per day, reaching 67.6 million barrels per day, Trend reports.
According to OPEC, Latin America's forecasts are up, compensating for decreases in Other Asia, the UK, and Other Eurasia.
In particular, in the first quarter of the current year, non-OPEC crude output amounted to 67.72 million barrels per day, followed by 67.62 million barrels per day in the second quarter of 2023, and 68.29 million barrels per day in the third quarter. In the fourth quarter of 2023, OPEC expects this figure to total 67.59 million barrels per day.
Meanwhile, the United States sees record highs in crude, condensate, and NGL production, hitting 21.6 million barrels per day in September. As such, predicted US liquids supply growth for 2023 is 1.3 million barrels per day, with Brazil, Kazakhstan, Norway, Guyana, Mexico, and China as other key contributors.
However, the bloc noted that uncertainties linger, including potential weather disruptions and unplanned offshore maintenance throughout the year.
In 2022, non-OPEC liquids output is estimated to have been 65.81 million barrels per day.
OPEC's outlook for global oil demand growth in 2023 remains consistent with last month's assessment, holding at 2.5 million barrels per day.
