Insight
Global supply outages: back up to four million b/d
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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.
What's included
This report contains
Table of contents
- Four million b/d out of the market
Tables and charts
This report includes 5 images and tables including:
Images
- 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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