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Reduced oil supply outages: an extra test for OPEC's strategy


Reduced oil supply outages: an extra test for OPEC's strategy

Report summary

Unplanned supply outages fell to 3.1 million b/d at the end of 2016, the lowest level seen since 2013, and a considerable drop from a high of 4.6 million b/d  seen May of this year. This influx of production comes at a challenging time for OPEC following its agreement to cut production in H1 2017. 

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Description

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

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  • Global outages have fallen to the lowest levels since 2013, after reaching record highs earlier this year
  • The level of global outages will continue to ease in the near term

In this report there are 3 tables or charts, including:

  • Global outages have fallen to the lowest levels since 2013, after reaching record highs earlier this year
    • Global visible unplanned liquids supply outages: outages drop in the latter part of 2016
  • The level of global outages will continue to ease in the near term
    • Global liquid supply outages: Outages levels expected to drop in the short term
    • Global liquid supply outages forecast 2017
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