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 oil supply growth is relentless, adding 2.8 million b/d in 2018 and 1.9 million b/d in 2019. Over 70% of this growth comes from the US, where we continue to see upward revisions to onshore Lower 48 supply – both crude and NGLs. Notable downside risks exist. In Venezuela, reported crude oil production has become volatile with December dropping ~200,000 b/d month-on-month, only to swing back up in January to reach 1.75 million b/d. In Libya, maintaining production levels close to 1 million b/d remains a challenge: in February, the 70,000 b/d El Feel project was shut-in due to protests by guards. And we have made downward revisions to Brazil, due to a slowdown in pre-salt growth and continued declines in legacy assets.