Global upstream oil supply summary - July 2018
*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
-
Executive summary
- Global supply projections little changed; but major shifts in underlying dynamics.
- OPEC: downgrades to Iran, Venezuela and Libya offset additional volumes from GCC members
- Non-OPEC outages add to market tightness
-
US Lower 48 momentum continues, despite growing infrastructure concerns
- Liquids changes (million b/d)
Tables and charts
This report includes the following images and tables:
- Executive summary: Image 1
What's included
This report contains:
Other reports you may be interested in
Global oil supply short-term update - March 2025
OPEC+ reaffirm their decision to ease voluntary production cuts from Q2 2025
$1,350Global upstream oil supply summary - July 2017
Global supply driven marginally upwards, due to upgrades to supply in Libya and onshore US.
$1,650Global upstream oil supply summary - September 2018
Outlook for non-OPEC supply increased in 2019 despite minor downward revisions to the US.
$1,650