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fig_1d_2010_12 fig_1c_2010_12 fig7_2010_12 fig8_opec_2010_12

Oil Price

Non-OPEC incremental crude oil July 2009

I have added a new graph on Non-OPEC crude oil.

We can clearly see the gradual decline. Russia and other growing countries lifted the production by around 2 mb/d to its peak in 2004-2005. Since then the growing group could not quite offset decline elsewhere