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09 December 2021
Upward revisions to US Lower 48, Venezuela and Libya are offset by downgrades to the UK, Brazil, Nigeria and China.
05 November 2021
Upgrade to US onshore liquids production as OPEC+ maintains planned easing of cuts.
08 October 2021
Global oil supply grows strongly as we extend our outlook to 2023. OPEC+ continue unwinding production cuts as planned for November.
09 September 2021
OPEC+ agree to maintain unwinding production cuts, bringing back 400,000 b/d in output across the group in October.
06 August 2021
OPEC+ agree to unwind production cuts, bringing back 400,000 b/d in output across the group per month.
09 July 2021
Early July OPEC+ meeting breaks up without an agreement.
10 June 2021
OPEC+ continues gradual easing of production restraint through July in line with our previous assumptions.
05 May 2021
OPEC+ reaffirms its stance of easing production restraint through July in line with our previous assumptions.
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