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Tuesday, July 17, 2018

NO CRUDE OIL SUPPLY GROWTH EXPECTED FROM THE NORTH SEA

According to Petroleum Intelligence Weekly (PIW) 26 June 2000, UK and Norwegian crude oil production are expected to peak this year. In 2001, Norwegian oil production is expected to decline slightly to 3.21 mbd from 3.23 forecast for this year. In 2001, UK oil production is expected to decline for the third year in a row to 2.43 mbd from 2.56 this year. For further market information, please visit the INTERTANKO tanker market pages on our web’s members' area.