Country Report
Global upstream oil supply summary January 2017
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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. Substantial shifts in supply are forecast through 2017. US production is forecast to recover stronger than previously anticipated and the market looks oversupplied into 2018. As a result, we have revised our outlook for OPEC: we now assume OPEC's current production cut agreement will be rolled over in May to support price stability through the second half of 2017.
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