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Country Report 05 April 2018

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The oil supply summary monthly report provides analysis on short-term global oil supply through 2019. The written document is accompanied by a related excel data download. Global supply growth remains strong in the near term, despite substantial downward revisions this month to Venezuela. Global liquids are forecast to grow 2.4 million b/d in 2018 and 1.9 million b/d in 2019, with total supply revised down close to 350,000 b/d in both years. Analysis in this monthly update includes: the extent of our downgrade to Venezuela's oil production outlook, and the reasons for it; uncertainty surrounding US policy toward Iran and how it could impact the oil market; and potential takeaway capacity concerns in the Permian. </div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

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            Executive summary
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        <ul id="3ba55315-0d53-4324-a258-0241f5bed61b" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Global supply growth downgraded as Venezuela production declines accelerate; wider geopolitical risk increases
    </li>
    <li class="push-quarter--bottom">
        Geopolitical risk premium increases as Trump shakes-up the White House
    </li>
    <li class="push-quarter--bottom">
        Impact of renewed US sanctions on Iran
    </li>
    <li class="push-quarter--bottom">
        Venezuela: switch to low case supply outlook as production declines accelerate
    </li>
    <li class="push-quarter--bottom">
        Could takeaway constraints in the Permian spoil the party?
    </li>

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        <li class="list__item push-quarter--bottom">Executive summary: Image 1</li>
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Global Upstream Oil Supply Summary Data April 2018.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>393.00 KB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Global Upstream Oil Supply Summary April 2018.pdf</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>984.87 KB</span>
</p>
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