Global oil supply short-term update - October 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
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
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Global oil supply short-term update - September 2024
Concern over the strength of global demand persist, with prices falling over the last week, OPEC+ have delayed the easing of production cuts
$1,350Global oil supply short-term update - June 2024
OPEC+ surprises the market with an agreement on production limits through 2025 and a phased relaxing of selected cuts, post October 2024
$1,650Global iron ore short-term outlook October 2024
Prices cool down as the market reassesses the effectiveness of the recent stimulus measures
$5,000