BAKU, Azerbaijan, January 24. OPEC NGLs and non-conventional liquids production is projected to increase by 65,000 b/d, resulting in an average of 5.5 mb/d, Trend reports.
According to OPEC's latest forecast, the bloc's NGL production is anticipated to experience a growth of 65,000 b/d, reaching an average of 5.4 mb/d, while non-conventional liquids are expected to remain stable at 0.1 m/d.
OPEC's NGLs and non-conventional liquids are expected to see an increase of around 50,000 b/d in 2023, reaching an average of 5.4 mb/d. The projection includes a 50,000 b/d growth in NGL production, averaging 5.3 mm/d, while non-conventional liquids are anticipated to stay at 0.1 mb/d.
Initial data indicates NGL output averaging 5.3 mb/d in the fourth quarter of 2023, with non-conventional output estimated to remain stable at 0.1 mb/d. Combining these figures, a total of 5.4 mb/d day is estimated for November, according to preliminary data.
The main forecast for 2025 suggests an overall increase of 110,000 b/d, averaging out at 5.6 mb/d. NGL production is expected to see a boost of 110,000 b/d, averaging 5.5 mb/d, while non-conventional liquids are projected to stay steady at 0.1 mb/d.