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Global oil supply short-term update - March 2021

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09 March 2021

Global oil supply short-term update - March 2021

Report summary

The global oil supply monthly report provides analysis on short-term global oil supply through 2022. The written document is accompanied by a slide deck and related excel data download. Two key events have shaped the changes to our global oil supply outlook this month. Firstly, the impact of freezing temperatures in the US during February; and secondly, the outcome of the OPEC+ meeting on 4 March, where it was agreed to continue with production restraint levels from March into April, with the exception of Russia and Kazakhstan, who will be allowed to increase oil production. In our latest analysis, global supply has been revised down by 450,000 b/d in 2021, to 96.0 million b/d.

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What's included

This report contains:

  • Document

    Global Oil Supply Summary Slidepack March 2021

    PDF 704.36 KB

  • Document

    Global Oil Supply Data March 2021

    XLS 392.00 KB

  • Document

    Global oil supply short-term update - March 2021

    PDF 765.56 KB