Insight
Global oil supply short-term update - September 2025
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global supply has been revised up across the forecast period,. The main upgrades are to US Lower 48 crude and NGL, Brazil, United Arab Emirates and Argentina. Non-OPEC growth remains buoyant despite recent downward pressure on prices, with resilient output from the US Lower 48 and support from Latin America, where production increases in Brazil and Argentina have gained momentum. Our base case outlook for OPEC+ remains stable, with output beyond September 2025 remaining largely flat through 2026 and 2027.
Table of contents
- Service update
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global oil supply short-term update - August 2025
OPEC continue accelerated production return; US Lower 48 supply outlook downgraded
$1,350
Insight
Global oil supply short-term update - July 2025
Minor changes to outlook as prices return to below $70/bbl
$1,350
Insight
Global oil supply short-term update - June 2025
Downward pressure on prices as OPEC+ returns volumes to market
$1,350
