Future Oil Supply Prospects From OPEC Member Countries

The future oil supply picture for the coming years from OPEC Member Countries in the face of rising global energy demand and geopolitics is a complex one. One of the major supply-side issues with which OPEC has to deal is a rapid rise in non-OPEC oil production and the rehabilitation of Iraq’s oil industry and the expansion of its exports. Another main issue on the supply side is one of resources. All estimates on the question of resources indicate they are more than adequate.