Understanding oil production and oil consumption – step two

  There are two primary classification of producers when it comes to crude Oil. OPEC and non OPEC. Total expected production for 2010 as per EIA is expected to range between 85 – 86.3 million barrels per day. EIA consumption estimate for 2010 is between 81 – 91.6 million barrels per day. US and OECD…Read moreRead more