Country Report

Global upstream oil supply summary - August 2017



You can pay by card or invoice



You can pay by card or invoice

Get this Country Report as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

The oil supply summary monthly report provides analysis on short-term global oil supply through 2018. The written document is accompanied by a related excel data download. Global supply has had an upward revision of 59,000 b/d and 173,000 b/d in 2017 and 2018 respectively since our last update. This is largely driven by upgrades to supply onshore US Lower 48. Even with the assumption of an OPEC rollover of cuts through to the end of 2018, global supply is projected to grow by 1.7 million b/d in 2018. The outlook for OPEC supply remains relatively stable, despite the impact of pipeline blockades in Libya. Crude oil supply is forecast to fall from 32.2 million b/d in 2016 to 32.1 million b/d in 2017, and return back to 32.2 million b/d in 2018.

What's included

This report contains

  • Document

    Global upstream oil supply summary data August 2017.xls

    XLS 286.50 KB

  • Document

    Global Upstream Oil Supply Summary August 2017.pdf

    PDF 1.98 MB

  • Document

    Global upstream oil supply summary - August 2017

    ZIP 1.96 MB

Table of contents

    • World oil supply growth motors on despite Harvey
    • Rising output in Libya and Nigeria poses challenge for OPEC
    • US onshore output growth is slowing in the short-term
    • Meanwhile new type curves strengthen our overall forecast for US Lower 48 outlook

Tables and charts

This report includes 1 images and tables including:


  • Liquids changes (million b/d)

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898