OGJ Newsletter

12/06/2010
GENERAL INTEREST — Quick TakesOutlook finds OPEC production sufficient to 2020Current production capacity among members of the Organization of Petroleum Exporting Countries appears sufficient to meet incremental demand through 2020, according to a new analyst forecast.In its 2010 Global Crude Oil Market Outlook, released Nov. 30, Purvin & Gertz finds that under a base-case petroleum demand assumption, OPEC's spare production capacity is large enough to cover potential output shortfalls elsewhere.The outlook also concludes that in the near term, oil-supply growth will come from both OPEC and non-OPEC producers."Robust supply increases from non-OPEC producers such as Russia, ...
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