OPEC expects a steady rise in US oil output, as it will gain momentum in the next five years. OPEC also expects the demand for its crude to reduce, in spite of an increasing appetite for energy driven by global economic expansion.
The reduction in demand for OPEC crude is due to a strong non-OPEC supply in the 2017–2023 period, OPEC notes. The US is still the most important source of medium-term supply growth, contributing to two-thirds of new supply.
In addition, according to Reuters, the US has...
https://safety4sea.com/opec-us-oil-output-to-increase-but-demand-for-opec-crude-will-reduce/