Global oil supply short-term update - September 2024
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Report summary
Table of contents
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Global supply: non-OPEC supply remains buoyant as attention turns to a change in OPEC+ policy
- Non-OPEC supply: outlook driven by upgrades to US NGLs and Lower 48
- US Lower 48 oil production will grow annually at 3% through 2025
- OPEC: we assume OPEC+ delay unwinding of cuts until Q2 2025
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What's included
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