Date: 4 months ago   Category: Energy

MEA expects growth of oil production by the countries out of OPEC to 68.7 million barrels a day by 2024 — Rambler News Service


Independent producers of oil will increase growth oil production by 2024 by 6.1 million barrels of oil a day – to 68.7 million barrels of oil a day, it is told in the annual report of the International Energy Agency (IEA) (Oil 2019). The agency notes that production of independent producers in 2019 will be 62.6 million barrels of oil a day. "It is expected that supply of oil of the countries which are not entering into OPEC by 2024 will increase by 6.1 million barrels a day and will reach 68.7 million barrels a day" — it is said in the report. In the last year's report of MEA predicted growth of deliveries in five years at the level of 5.2 million barrels a day. In the report of MEA it is specified that growth of production will happen, in particular, at the expense of the USA and also at the expense of Brazil, Norway, Canada and Guyana. "The United States will continue to be in the lead in increase in deliveries, having added 4.1 million barrels in day of new oil production for this period. Significant increase will also be shown by Brazil, Norway, Canada and new producer of oil - Guyana" — notes the agency. The most considerable decrease in oil production during the period till 2024 is expected in China, Colombia and Mexico.

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