Global oil supply short-term update - May 2023
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Report summary
Table of contents
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Global supply: downgrades to OPEC supply outweigh upgrades to China and Russia
- Non-OPEC supply: upward revisions to Russia and China dominate changes this month
- US Lower 48: H2 2023 set for strong growth led by Permian
- OPEC supply: crude oil output lowered as OPEC+ voluntary cuts impact outlook
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What's included
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