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Global upstream oil supply summary - February 2017

Global upstream oil supply summary - February 2017

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 fallen from December to January – led by strong adherence by the GCCs to the agreed OPEC cuts, and cuts by some non-OPEC countries, particularly Russia. While the change in month-on-month production is significant, the year-on-year changes are smaller – 2017 production is expected to remain relatively flat from 2016.

What's included?

This report includes 2 file(s)

  • Global upstream oil supply summary data February 2017.xls XLS - 338.50 KB
  • Global upstream oil supply summary February 2017.pdf PDF - 1.45 MB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream supply issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream supply report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Highlights

In this report there is 1 table or chart, including:

  • Executive summary
    • Liquids changes (million b/d)
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