Global oil supply short-term update - February 2019
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Executive summary
- Global supply: growth slows in 2019 due to sanctions and OPEC+ restraint
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OPEC: Uncertainty in Venezuela and expected production restraint drive lower outlook
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Venezuela in focus: US sanctions put squeeze on output
- Will the cutback in heavy barrels affect prices?
- Iran: Sanctions take effect though waivers limit impact
- Libya: El Sharara continues to be shut in
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Venezuela in focus: US sanctions put squeeze on output
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Non-OPEC supply:
- Lower 48 crude outlook
Tables and charts
No table or charts specified
What's included
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