The graph gives past, present and future data concerning the production of world’s oil on OPEC and non-OPEC countries. The figures indicate that while the production of oil in Middle Eastern OPEC countries is predicted to increase considerably, oil production elsewhere is likely to fall.
Between 1980 and 2000, most of the world’s oil came from non-OPEC countries; only two million barrels per day were produced by OPEC countries. Since then, these figures have changed considerably. Between 2000 and 2010 it is predicted that approximately 10 million barrels will come from Middle Eastern OPEC countries, while a further 10 million barrels will be provided by other OPEC or non-OPEC countries.
Although forecasters predict that oil production is likely stabilise between 2010 and 2020, a lot more of this oil is expected to come from the Middle Eastern OPEC countries, and under 5 million barrels per day from other areas.
The graph gives past, present and future data concerning the
production
of world’s
oil
on OPEC and non-OPEC
countries
. The figures indicate that while the
production
of
oil
in Middle Eastern OPEC
countries
is predicted
to increase
considerably
,
oil
production
elsewhere is likely to fall.
Between 1980 and 2000, most of the world’s
oil
came from non-OPEC
countries
;
only
two
million
barrels
per day
were produced
by OPEC
countries
. Since then, these figures have
changed
considerably
. Between 2000 and 2010 it
is predicted
that approximately 10
million
barrels
will
come
from Middle Eastern OPEC
countries
, while a
further
10
million
barrels
will
be provided
by other OPEC or non-OPEC countries.
Although forecasters predict that
oil
production
is likely
stabilise
between 2010 and 2020, a lot more of this
oil
is
expected
to
come
from the Middle Eastern OPEC
countries
, and under 5
million
barrels
per day from other areas.