Global oil supply short-term update - February 2024
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Report summary
Table of contents
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Global supply: minor changes to the outlook as market waits for OPEC+ cuts to bite
- Non-OPEC: strong US Lower 48 growth in Q4 2023 drives baseline increase across 2024 and 2025
- OPEC: output falls as Q1 2024 additional voluntary cuts make an impact
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