EIA corrects OPEC's oil production forecast

EIA corrects OPEC's oil production forecast
  • Clock-gray 12:57
  • calendar-gray 10 February 2021

The Energy Information Administration (EIA) under the US Department of Energy has reduced the forecast of OPEC countries for daily crude oil production in 2021, APA-Economics reports citing a monthly report of EIA.

 

Average daily oil production over OPEC countries for this year will be 27,15 mln. barrels. This is 0,01 mln less in comparison to the previous forecast.

According to the forecast, this figure will likely be 28,2 mln. barrels next year (According to the previous forecast 28,23 mln. barrels).

According to the calculations of EIA daily oil production over OPEC was 25,59 mln. barrels in 2020.

 

APA-Economics

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