Oil output growth to drop among non-OPEC producers

Oil output growth outside the Organisation of Petroleum Exporting Countries (Opec) could to strain global supplies this year, the International Energy Agency (IEA) has said.

In a monthly report released last week, the IEA cut its forecast for non-Opec supply growth by 175,000 barrels per day (bpd) to 910,000 bpd, pointing to prolonged disruptions in Organisation for Economic Cooperation and Development (OECD) producers and lower expectations for Russia.

EastAfricaStandard