Global oil supply short-term update - October 2024
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Report summary
Table of contents
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Global supply: OPEC+ policy unchanged as market assesses the escalation of conflict in the Middle East
- Non-OPEC supply: outlook driven by upgrades to US NGLs and Indonesia in 2025 and 2026
- US Lower 48 annual oil production will grow annually at 3% through 2026
- OPEC: no change to unwinding of cuts; compensation schedules being met
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What's included
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