Country Report
Global upstream oil supply summary - September 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. Global supply is forecast to increase from 96.9 million b/d in 2016 to 97.7 million b/d in 2017 and 99.5 million b/d in 2018. This is an upward revision of 30,000 b/d and 140,000 b/d in 2017 and 2018 respectively, since our last update. This is driven by upgrades to supply in Canada and US Gulf of Mexico. Even with the assumption of an OPEC rollover of cuts through to the end of 2018, global supply is projected to grow by 1.8 million b/d in 2018.
Table of contents
-
Executive summary
- 2018 supply growth remains robust at 1.8 million b/d
- US L48: rig count reverts to growth
- Political tensions rise as Kurdistan votes for independence
- OPEC and non-OPEC producers September meeting sends clear signals
Tables and charts
This report includes the following images and tables:
- Liquids changes (million b/d)
What's included
This report contains:
Other reports you may be interested in
Insight
Global oil supply short-term update - July 2025
Minor changes to outlook as prices return to below $70/bbl
$1,350
Asset Report
Blacktip
The Blacktip gas field is located in the Bonaparte Basin, around 245 kilometres southwest of Darwin. It was discovered by Shell.
$3,720
Asset Report
Polo Macau
The Polo Macau is a cluster of mature onshore and offshore assets. It comprises the Aratum, Macau, Serra, Salina Cristal, Lagoa ...
$3,720
