Oil supply long-term outlook H1 2018: geopolitics, US tight oil and non-OPEC resilience
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
-
OPEC and geopolitics: a more uncertain world
- US sanctions impact Iranian near-term supply; long-term capacity additions will be delayed
- Production declines accelerate in Venezuela; recovery will depend on political change
-
US tight oil: can it deliver strong growth?
- Corporate strategy: seeking balance
- Permian leads the charge
- Other key plays provide stable base for Permian to grow
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Resilience of non-OPEC supply: new sources of growth mitigate declines
- FID’s are on the rise
- Projects are evolving
- Higher cost supply is still required longer-term
Tables and charts
This report includes the following images and tables:
- Volatile geopolitical dynamics add to global supply uncertainty
- US total liquids production
- Non-OPEC future sources of supply (pre-FID, YTF, reserves growth, contingent resources)
What's included
This report contains:
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