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home / news releases / BNO - May Non-OPEC Oil Production Declines Again

BNO - May Non-OPEC Oil Production Declines Again

United States Brent Oil Fund LP ETV

Summary

  • May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d.
  • World oil production in May decreased by 638 kb/d to 78,947 kb/d according to the EIA.
  • The supply-demand situation for 2023 is expected to be very tight with February 2023 showing a shortage of over 2,000 kb/d and March and December 2023 showing a shortage of over 1,000 kb/d.

For further details see:

May Non-OPEC Oil Production Declines Again
Stock Information
Company Name: United States Brent Oil Fund LP ETV
Stock Symbol: BNO
Market: NYSE
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