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31 Pages

Oil supply long-term outlook H1 2016

Oil supply long-term outlook H1 2016

Report summary

Near-term upward adjustments to our OPEC supply outlook, reflecting the lifting of sanctions in Iran, is offset by a downward revision to non-OPEC supply, as the effects of the unprecedented slowdown in global upstream investment continue to impact the timing of pre-sanction developments. 

What's included?

This report includes 1 file(s)

  • Oil supply long-term outlook H1 2016 PDF - 650.33 KB 31 Pages, 11 Tables, 20 Figures


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.

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  • Executive summary
    • Reduction in 2016-2017 global capital investment from Q4 2014 to Q2 2016

In this report there are 31 tables or charts, including:

  • Executive summary
    • Total US liquids production and rig count
    • US Lower 48 oil production forecast
    • Oil supply long-term outlook H1 2016: Image 3
    • Shift in production from pre-FID projects
    • Oil supply long-term outlook H1 2016: Image 5
    • Global year-on-year change in supply and total production capacity
    • Non-OPEC regional production
    • Change to non-OPEC regional supply since H2 2015
    • North America production outlook (million b/d)
    • Breakout of US and Canada liquids supply (million b/d)
    • US liquids supply
    • Canada liquids supply
    • Latin America production outlook (million b/d)
    • Europe production outlook (million b/d)
    • Russia and the Caspian production outlook (million b/d)
    • Asia and Oceania production outlook (million b/d)
    • Africa production outlook (million b/d)
    • Middle East production outlook (million b/d)
    • Non-OPEC oil supply to 2035
    • OPEC production capacity
    • Change to OPEC regional supply since H2 2015
    • OPEC oil/NGL capacity (million b/d)
    • Oil supply long-term outlook H1 2016: Image 13
    • Oil supply long-term outlook H1 2016: Image 14
    • Libya production: forecast lowered from previous outlooks
    • Unconventionals production to 2035 ('000 b/d)
    • Unconventionals outlook
    • Ethanol outlook (million b/d)
    • Biodiesel outlook (million b/d)
    • Growing supply gap to 2025
    • Cost of pre-FID projects and new drilling required to fill gap
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