Page added on May 22, 2008
LONDON, May 22 (Reuters) – Oil production from countries outside OPEC is stagnating despite a more than sixfold rise in oil prices since 2002, driven partly by the failure of non-OPEC producers to deliver a lot more oil.
A Reuters survey of 12 analysts put the consensus forecast for non-OPEC oil supply in 2008 at 49.56 million barrels per day (bpd), down from 50.36 million bpd estimated in the previous poll in March.
The poll points to supply growth from producers outside the Organization of the Petroleum Exporting Countries of 0.67 percent in 2008 versus 2007, which compares with growth of about 1.4 percent estimated in the previous poll.
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