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EIA Revised Down Global Oil Production Forecasts for 2023Short Term Energy Outlook U S Energy InformationEIA Revised Down Global

EIA Revised Down Global Oil Production Forecasts for 2023Short Term Energy Outlook U S Energy InformationEIA Revised Down Global

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You basically forecast for non-OPEC plus supply are robust for now. Are you worried that the low oil prices will, of course, hurt supply growth? How long do you expect these prices to stay and impact the rest of the market? Good morning and thank you for that question. Yes. So with prices at the current level, there's a lot of concern about the drivers for that and a slowing demand growth. But as you say, we are expecting non-OPEC supply growth of about 1.5 million barrels a day this year and next. And the U.S. being the biggest contributor to growth, but joined by Brazil, Guyana, Canada. So this American quartet is for countries about more adding more than a million barrels a day of of supply. Of course, the concern is the shale the shale patch most responsive to prices, that if prices dip and stay at these lower levels, activity will slow in the United States. But that's not something that we're seeing at the moment. We would really have to see lower prices su

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