Non-OPEC supply, driven by growth in excess of 700,000 b/d in Russia, looks set to grow by roughly 1.25 million b/d in the coming two years, said US-based energy consultants ESAI in its latest Stockwatch Quarterly Review. According to ESAI, this growth will moderate the call on OPEC despite a robust demand forecast, resulting…
MARKETS: ESAI says OPEC spare capacity to rise in the next two years (MEMBERS ONLY)
Posted on October 15, 2004 by EnergyAsia