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What to watch for oil supply in 2014

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20 January 2014

What to watch for oil supply in 2014

Report summary

Global supply posted gains of almost one million b/d in 2013. Strong non-OPEC growth was tempered by significant supply disruption to key OPEC producers. Despite this volatility, supply prospects remain bullish in the near term. Non-OPEC supply is forecast to add almost 1.9 million b/d in 2014 driven primarily by US tight oil and additional production capacity in Brazil. OPEC production is expected to fall slightly. As was the case in 2013, potential for significant supply disruptions remain.

Table of contents

  • Recovery of production in Libya?
  • Pace of US production growth
  • Changes to Iran sanctions
  • Surge of production from Brazil?
  • Upstream capital spending pace slows

Tables and charts

This report includes 1 images and tables including:

  • Signposts for 2014

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    What to watch for oil supply in 2014

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