Insight
Global oil supply short-term update - November 2026
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The global oil supply monthly report provides analysis on short-term global oil supply. The slide deck is accompanied by a related excel data download. Global oil supply has been upgraded across the forecast period. Middle East production has continued to recover strongly in recent months as ship-to-ship shuttle transfers allow for increased exports through the Strait of Hormuz. With the US-Iran stand-off assumed to continue through the end of 2026, we expect key Middle East countries to hold production near October levels for the remainder of the year.
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What's included
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