OLL: Non-OPEC oil outlook sluggish, may be near its peak

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POLL: Non-OPEC oil outlook sluggish, may be near its peak

Production; Extraction; ExplorationUnited States - LONDON (Reuters) - Oil producing countries outside OPEC are still struggling to respond to booming energy demand from China and other emerging markets despite record high oil prices of more than $147 a barrel.

Some analysts even believe non-OPEC supply of conventional oil may have peaked for now.


A Reuters survey of 10 analysts put the consensus forecast for non-OPEC oil supply in 2009 at 50.3 million barrels per day (bpd), up 470,000 from the consensus forecast for 2008.

Non-OPEC supply in 2008 is forecast at 49.83 million bpd according to the poll of 11 analysts, which compares with 49.56 million bpd estimated in the previous survey in May.

Project slippage, political troubles and the legacy of years of under-investment are behind the meagre increase, analysts say.

Mature regions such as Mexico's Cantarell field and Britain's North Sea are showing rapid declines and Russia, the world's second biggest exporter, is expected to see an output fall.

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