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Global liquids supply outages peak at 4.6 million b/d

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Report summary

Unplanned supply outages spiked in May and much of June 2016 taking over 4.6 million b/d off the market the highest level in recent history. The surge in outages had a big effect on oil market psychology and reduced oversupply in Q2 2016. The key countries to have impacted global outages include Libya Nigeria Canada Syria Yemen Iraq Kuwait and Saudi Arabia.

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This report includes 3 images and tables including:

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  • Global visible unplanned liquids supply outages
  • US Lower 48 liquids supply, global outages and Brent oil price
  • Split of outages between OPEC and non-OPEC producing countries

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