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Stage is set for strong recovery: Oil Supply long-term outlook H2 2016

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07 December 2016

Stage is set for strong recovery: Oil Supply long-term outlook H2 2016

Report summary

Despite the persistence of low oil prices production in key regions, such as Russia and OPEC Middle East, has continued to surprise to the upside. But cuts in capital investment budgets since 2014 are impacting production, with a notably lower outlook in China and continued project deferral in high cost regions, such as deepwater west Africa and the US Gulf of Mexico. 

Table of contents

Tables and charts

This report includes 14 images and tables including:

  • Annual global production capacity change between the May 2016 and October 2016 outlook
  • Non-OPEC regional production
  • Change to non-OPEC regional supply since May 2016
  • Year-on-year non-OPEC growth
  • Global capacity outlook (million b/d)
  • US and Canada liquids production ('000 b/d)
  • US liquids supply
  • Canada liquids supply
  • Non-OPEC oil supply to 2035
  • Libya oil supply changes over time
  • OPEC production capacity
  • Change to OPEC supply since May 2016
  • OPEC oil/NGL capacity (million b/d)
  • Unconventionals production to 2035 ('000 b/d)

What's included

This report contains:

  • Document

    Stage is set for strong recovery: Oil Supply long-term outlook H2 2016

    PDF 604.44 KB

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