US output likely to reduce OPEC production

GLOBAL oil demand in 2014 is forecast to increase by about 1.2 million barrels per day compared to 2013 levels but OPEC is likely to cut its output due to production coming from non-member countries such as the US.

US output likely to reduce OPEC production US output likely to reduce OPEC production US output likely to reduce OPEC production US output likely to reduce OPEC production US output likely to reduce OPEC production

According to research firm GlobalData, non-OPEC member countries' production will grow by about 1.6MMbpd.

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