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 supply growth remains strong in the near term, the US continues to be the key driver behind this growth. Global supply is forecast to increase by 2.5 million b/d in 2018 and 1.8 million b/d in 2019, with total supply remaining broadly unchanged since our last update revised up by 50,000 b/d in 2018 and revised down by 40,000 b/d in 2019. Analysis in this monthly update includes: the implications of President Trump’s decision as to whether the US will continue to waive sanctions on Iran, upgrades to US type curves and potential takeaway capacity concerns in the Permian.