EnergyWatch

JP Morgan expects increased oil output from non-OPEC nations

The oil supply from non-OPEC petroleum producers is expected to surge significantly in 2019, headed by US shale production and increased Russian output, projects JP Morgan.

Photo: Ritzau Scanpix/Claus Bonnerup.

Oil prices on the European reference oil Brent as well as the US' West Texas Intermediate (WTI) were stable Monday morning CET.

Reuters reports that oil prices are, on the one hand, affected by increasing Russian production, while drilling activity in the US is at the highest level since 2015. On the other hand, there is upward pressure from strong demand, especially in Asia.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs