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Fundamentals

Non-Opec-Plus: Robust 2022 Segues Into Busier 2023

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In December, hydrocarbon liquids output by countries not aligned with Opec-plus, excluding refinery gains, amounted to 48.61 million barrels per day, virtually flat compared with November, despite a 200,000 b/d increase in monthly crude production to 33.26 million barrels per day. For the fourth quarter, however, average liquids output grew 300,000 b/d to 46.43 million b/d, an all-time high on a quarterly basis for this group of producers.

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