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The scenario suggests that the medium-term impact to 2010 is balanced between lower demand and higher non-OPEC supply, with *the call* on OPEC 4-5 mb/d lower than in the reference case, and below current levels. By 2015, the difference between the OPEC supply at these prices and those of the reference case has risen to 8-11 mb/d, with little scope for increases in production levels, including NGL. The need for additional OPEC oil only clearly re-emerges in the longer term, post-2015.
2006-12-25
12:08:15
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3 answers
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asked by
Anonymous
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Education & Reference
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