Country Report

Global oil supply short-term update - October 2023

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The global oil supply monthly report provides analysis on short-term global oil supply. The written document is accompanied by a slide deck and related excel data download. At their latest meeting on 4 October the OPEC+ Joint Ministerial Monitoring Committee (JMMC) made no recommendations to amend its production policy. Saudi Arabia and Russia are continuing with their additional voluntary cuts of 1 million b/d (production) and 300,000 b/d (exports) respectively, until the end of 2023. In the run-up to the meeting Brent prices remained above $90/bbl, although there were continuing concerns in the market over the potential weakness of demand growth.

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  • Document

    Global Oil Supply Data October 2023.xlsx

    XLSX 335.29 KB

  • Document

    Global Oil Supply Summary October 2023 Slidepack.pdf

    PDF 845.52 KB