Global upstream oil supply summary - September 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
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Executive summary
- Global supply to add ~2 million b/d in both 2018 and 2019
- Non-OPEC supply strengthening into 2019, despite minor downgrades to US supply
- US onshore crude and NGL production outlook lowered through 2018 and 2019
- OPEC production stable, with GCC increases offset by Venezuela declines, Libyan disruption and Iran sanctions
- Iran production outlook lowered as exports drop faster than expected
Tables and charts
This report includes the following images and tables:
- Liquids changes (million b/d)
What's included
This report contains:
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