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World Oil Supply

42

OPEC Monthly Oil Market Report – August 2017

Graph 5 - 4: Regional non-OPEC supply growth, y-o-y change

The expected growth in 2017 in all non-OPEC regions except China, will continue in the next year, led by

OECD Americas with 0.86 mb/d, FSU with 0.16 mb/d, Latin America with 0.12 mb/d, OECD Europe with

0.08 mb/d, Africa with 0.07 mb/d and OECD Asia Pacific with 0.04 mb/d. However, declines are anticipated

in 2018 in China, Middle East and Other Asia of 0.17 mb/d, 0.05 mb/d and 0.04 mb/d, respectively.

Graph 5 - 5: Annual supply changes for selected countries in 2018*

-0.6

-0.4

-0.2

0.0

0.2

0.4

0.6

0.8

1.0

OECD

Americas

OECD

Europe

OECD Asia

Pacific

Other Asia Latin

America

Middle East

Africa

FSU China

mb/d

16/15

17/16

18/17

Note: 2017 and 2018 = Forecast.

Source: OPEC Secretariat.

-0.17

-0.17

-0.08

-0.05

-0.04

0.09

0.13

0.19

0.21

0.84

-0.4

-0.2

0.0

0.2

0.4

0.6

0.8

1.0

China

Mexico

Colombia

Azerbaijan

Oman

Kazakhstan

Russia

Canada

Brazil

US

mb/d

Non-OPEC supply

growth 2018/17

1.10 mb/d

Note: * 2018 = Forecast.

Source: OPEC Secretariat.