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Global oil supply short-term update - January 2020

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09 January 2020

Global oil supply short-term update - January 2020

Report summary

The global oil supply monthly report provides analysis on short-term global oil supply through 2021. The written document is accompanied by a slide deck and related excel data download. The new year brings increased uncertainty for global liquids supply outlook. The ramp-up in geopolitical tension between the US and Iran and other actors in the Middle East have compounded an already unstable environment. Despite the growing tensions, our global outlook for supply shows marginal upward revisions from last month. Global supply is forecast to rise 1.9 million b/d in 2020, to 102.4 million b/d, and 0.9 million b/d in 2021, to 103.4 million b/d. This is an increase of 160,000 b/d and 70,000 b/d respectively, with the focus of the upgrades on non-OPEC supply.

Table of contents

  • OPEC: conflict flares in the Middle East
  • Non-OPEC: production growth strengthens in 2020

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Global Oil Supply Data Janaury 2020.xls

    XLS 374.50 KB

  • Document

    Global oil supply short-term update - January 2020

    PDF 896.76 KB

  • Document

    Global oil supply short-term update - January 2020

    ZIP 980.55 KB

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