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Global supply outages: back up to four million b/d


Global supply outages: back up to four million b/d

Report summary

Unplanned supply outages have increased markedly since 2011 with over four million b/d being taken off the market in December 2014 and January 2015. After a brief mid-year recovery there was a resurgence of unplanned outages in late 2014. The key countries to have impacted global outages include Libya, Iran, Nigeria, Syria, Iraq and Yemen.

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This report includes 1 file(s)

  • Global supply outages: back up to four million b/d PDF - 305.82 KB 3 Pages, 0 Tables, 5 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Four million b/d out of the market

In this report there are 5 tables or charts, including:

  • Four million b/d out of the market
    • Unplanned outages* fell in mid-2014 before increasing again in late 2014
    • Lower 48 production growth has acted as a buffer to increased global outages until a mid-2014 divergence.
    • OPEC unplanned outages have increased in recent years while non-OPEC outages remain relatively stable
    • Annual average supply outages
    • Losses as a percentage of production/capacity
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