The graph is offering the data overview of past, present and future with concern to the production of oil in OPEC and non-OPEC countries across the world. These figures indicate the predictions of oil production. While the number is likely to increase significantly in the Middle Eastern OPEC countries, in others, a fall is foreseen.
Between the time period of 1980 and 2000, most of the world’s oil was sourced from non-OPEC nations. On the contrary, the OPEC countries produced only two million barrels a day. Since then, these figures have considerably changed. And then, between 2000 and 2010, the prediction states the sourcing of 10 million barrels from Middle Eastern OPEC countries and 10 million barrels from non-OPEC or OPEC nations.
Although experts envision the stabilization of oil production between 2010 and 2020, a lot of it is anticipated to come from the Middle Eastern OPEC nations. In terms of other areas, 5 million barrels each day is expected to be sourced.
The graph is offering the data overview of past, present and future with concern to the production of
oil
in OPEC and non-OPEC
countries
across the world. These figures indicate the predictions of
oil
production. While the number is likely to increase
significantly
in the Middle Eastern OPEC
countries
, in others, a fall is foreseen.
Between the time period of 1980 and 2000, most of the world’s
oil
was sourced
from non-OPEC nations.
On the contrary
, the OPEC
countries
produced
only
two
million
barrels
a day. Since then, these figures have
considerably
changed
. And then, between 2000 and 2010, the prediction states the sourcing of 10
million
barrels
from Middle Eastern OPEC
countries
and 10
million
barrels
from non-OPEC or OPEC nations.
Although experts envision the stabilization of
oil
production between 2010 and 2020,
a lot of
it
is anticipated
to
come
from the Middle Eastern OPEC nations. In terms of other areas, 5
million
barrels
each day is
expected
to
be sourced
.