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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 growth in 2017 remains weak, at only 140,000 b/d. This follows growth in 2016 of only 240,000 b/d, a big shift from the annual average increases of two million b/d between 2010 and 2015. Underpinning a second year of weak supply growth is the assumption that OPEC and Russia will rollover the agreed supply cuts into the second half of 2017, and that adherence will remain strong. But the return of OPEC and Russian production in 2018 signals the return of strong increases, with output forecast to rise 2.4 million b/d.
What's included?
This report includes 2 file(s)
Global upstream oil supply summary data March 2017.xls XLS - 338.00 KB
Global upstream oil supply summary Mar 2017.pdf PDF - 1.30 MB
Description
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Country report | Apr 2017
Global upstream oil supply summary - March 2017
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