The Oil Supply Team have updated their breakeven analysis using the H2 2020 Macro Oils/Oil Supply Tool Long term update. Breakeven costs are assigned to every element of our global liquids supply view allowing a detailed, comprehensive view of the global cost of supply. Are higher cost sources of supply required? What competes with Onshore OPEC as the lowest cost future supply? We have updated our global breakeven analysis with our most popular charts and analysis to help you understand the global cost of supply. This report answers some key questions including: • Is higher cost supply needed in the future? • Where are the most competitive sources of new supply? • How has the pre-FID cost curve changed? • What role will contingent resources, reserves growth and further exploration play in the future cost of supply?