Global oil supply short-term update - August 2021
Report summary
Table of contents
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Global supply: OPEC+ reach agreement to unwind production cuts
- OPEC+ reach agreement to extend deal through 2022
- Non-OPEC supply: moderate changes, recent FIDs signal optimism
- US Lower 48: capital discipline continues to limit public operator spending
- OPEC: minor upward revisions focus on Iran
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