Global oil supply short-term update - March 2025
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Report summary
Table of contents
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Global Supply: OPEC+ reaffirm decision to gradually return volumes from April 2025
- Non-OPEC supply: downgrades to Mexico and Norway partly offset by upgrades to China
- US Lower 48: oil production to grow by 370,000 b/d in 2025
- OPEC: OPEC+ stick to current plan to begin unwinding cuts in Q2 2025
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What's included
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