Global oil supply short-term update - June 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Global supply: gradual easing of OPEC+ production restraint remains on course
- Non-OPEC: minor revisions driven by North America
- Colombia: widespread protests curtail crude oil production
- US Lower 48: forecast remains broadly unchanged as excess cash goes toward debt repayment
- OPEC: outlook unchanged as OPEC+ continue with planned easing of cuts
- Iran nuclear deal talks continue as Presidential elections loom
- Venezuela: downward revision of 60,000 b/d for May
- Development ramps up ahead of OPEC+ cuts easing
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What's included
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