EIA reduces OPEC's oil production forecast

EIA reduces OPEC's oil production forecast
  • Clock-gray 10:55
  • calendar-gray 10 March 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 26,81 mln. barrels. This is 0,34 mln less in comparison to the previous forecast.

 

According to the forecast, this figure will likely be 27,99 mln. barrels next year (According to the previous forecast 28,2 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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