Planned future oil projects that have not yet received a final investment decision (FID) are a crucial element of future global oil supply. Many have been deferred over the past year as the economics no longer stack up under low oil prices. Wood Mackenzie has conducted extensive analysis of these projects to determine the volumes deferred as a result of the oil price fall. On a like-for-like basis over two million b/d of oil supply has already been deferred by early 2020 as companies delay the sanctioning of projects. This report covers: What has happened to pre-FID projects since 2014? What does project deferral do to the pre-FID outlook? Which countries and resource themes have been the most heavily affected? Ongoing deferral of these projects will continue to be a tangible consequence of lower prices and plays a key role in shaping future oil supply.