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Non-Opec-Plus: Output Stabilizes Ahead of Expected Winter Gains

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Production of hydrocarbon liquids by countries not aligned with Opec-plus declined by a marginal 100,000 barrels per day in October to 45.95 million b/d — a temporary pause after the heady 900,000 b/d increase posted in September. Output of crude oil and natural gas liquids (NGLs) pulled off solid increases, but these were offset by a considerable seasonal decline in Brazilian biodiesel output. Regardless, the winter should usher in a burst of activity among non-Opec-plus producers, boosting liquids output by some 800,000 b/d over the next five months.

Topics:
Crude Oil, Oil Supply, Non-Opec Supply
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