MTOMRMedium-Term Oil Market Report (International Energy Agency)
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But the balance of global supply growth, more or less evenly split between OPEC and non-OPEC in the 2012 MTOMR, is tilting towards the latter.
As noted, North America is forecast to account for an even larger share of non-OPEC supply than estimated in the 2012 MTOMR.
But continued above-ground challenges - lingering disagreements between Baghdad and the Kurdistan Regional Government not least among them - are slowing down development, and the growth forecast has been trimmed marginally by around 100 kb/d from the 2012 MTOMR forecast.