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32 Pages

Long-term oil supply outlook - May 2014


Long-term oil supply outlook - May 2014

Report summary

In tandem with the release of our latest global dataset in the Oil Supply Tool we outline the key trends in our forecast to 2030.  Included as appendices in this report are sections on breakeven costs for new production and the political assumptions behind our supply outlook.  The analysis is based on the supply commentary within our latest market forecast, the Long Term Outlook published in our sister Macro Oils Service.

What's included?

This report includes 1 file(s)

  • Long-term oil supply outlook - May 2014 PDF - 1012.23 KB 32 Pages, 12 Tables, 14 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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 upstream commercial data and analysis.

  • Executive summary
  • Non-OPEC
  • North America
  • Latin America
  • Europe
  • Russia and the Caspian
  • Asia and Oceania
  • Africa
  • Middle East
  • OPEC Supply Capacity Outlook
  • Unconventionals
  • Processing gains
  • Appendix 1: The marginal cost of new supply provides a floor for prices
  • Appendix 2: Political Assumptions for the Supply Forecast
    • OPEC
    • Non-OPEC

In this report there are 26 tables or charts, including:

  • Executive summary
    • Global year-on-year change in supply and total production capacity
    • Assessment of average May 2014 supply losses
    • Global capacity outlook (million b/d)
  • Non-OPEC
    • Non OPEC regional production
    • Change to non-OPEC regional supply since November 2013
  • North America
    • North America production outlook (million b/d)
    • Breakout of US and Canada liquids supply (million b/d)
    • North America liquids production outlook
    • Regional US and Canadian liquid production for 2014, 2020 and 2030
  • Latin America
    • Latin America production outlook (million b/d)
    • Brazil production outlook - pre-salt volumes vital to long term growth
  • Europe
    • Europe production outlook (million b/d)
  • Russia and the Caspian
    • Russia and the Caspian production outlook (million b/d)
  • Asia and Oceania
    • Asia and Oceania production outlook (million b/d)
  • Africa
    • Africa production outlook (million b/d)
  • Middle East
    • Middle East production outlook (million b/d)
    • Non-OPEC oil supply to 2030
  • OPEC Supply Capacity Outlook
    • OPEC production capacity
    • Change to OPEC supply since November 2013
    • OPEC oil/NGL capacity (million b/d)
    • Libyan infrastructure and current disruptions to production
    • Chart showing forecast for Iraq/Kurdistan, and revisions since November 2013
  • Unconventionals
    • Unconventionals Production to 2030 ('000 b/d)
    • Unconventionals outlook
  • Processing gains
  • Appendix 1: The marginal cost of new supply provides a floor for prices
    • US tight oil new development volumes by breakeven*
    • Other new development volumes by breakeven*
  • Appendix 2: Political Assumptions for the Supply Forecast
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