The graph gives past, present and future data concerning the production of world’s oil on OPEC and non-OPEC countries. The figures indicate that while the production of oil in Middle Eastern OPEC countries is predicted to increase considerably, oil production elsewhere is likely to fall.
Between 1980 and 2000, most of the world’s oil came from non-OPEC countries; only two million barrels per day were produced by OPEC countries. Since then, these figures have changed considerably. Between 2000 and 2010 it is predicted that approximately 10 million barrels will come from Middle Eastern OPEC countries, while a further 10 million barrels will be provided by other OPEC or non-OPEC countries.
Although forecasters predict that oil production is likely stabilise between 2010 and 2020, a lot more of this oil is expected to come from the Middle Eastern OPEC countries, and under 5 million barrels per day from other areas.