EIA: World will be more dependent on Opec oil


Opec surplus crude oil production capacity, which averaged 2.8 million barrels per day (bbl/d) during 1998–2008, is predicted to remain high [above current levels], with market share seen at 42% in 2011, as a result of low growth in non-Opec supply, said the EIA in its monthly short-term energy outlook report.

"Although Opec faces a global oil market that has firmed in response to its production cuts since last January, the strength and durability of the global economic recovery is still uncerta

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