Oil supplies from countries outside the Organization of Petroleum Exporting Countries is forecast to decline by 300,000 b/d in 2016, after an increase of 1.1 million b/d in 2015, according to the most recent Short-Term Energy Outlook from the US Energy Information Administration. This would be the first annual decline in non-OPEC production since 2008, EIA said. In last month’s STEO, non-OPEC production was forecast to increase 100,000 b/d in 2016.  “The shift in expectation from non-OPEC production growth to declines in 2016 is mostly because of lower expected growth in Canada and larger expected declines in US onshore production,” EIA said.  Production growth in Canada is expected to average 100,000 b/d in both 2015 and 2016—levels that are 100,000 b/d and 200,000 b/d, respectively, lower than in last month’s forecast.

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