21 May 2015
Global supply holding steady at 3.2m b/d
Data from the International Energy Agency has showed growth in global oil supply
Despite slowing US light tight oil output, global oil supply growth remained at a steep 3.2 million barrels per day (b/d) year-on-year in April. At 95.7m b/d, total oil supplies were flat from March as higher Opec output offset a drop in non-Opec data from the International Energy Agency (IEA) showed. Still, non-Opec supply growth for 2015 is projected to reach 830,000 b/d, up by 200,000 b/d, since the IEA’s last report, on surprisingly strong output in the first quarter from a number of countries, including Russia, China, Colombia, Vietnam and Malaysia. Opec output increased by 160,000 b/d to total 31.21m b/d in April – the highest since September 2012 – as Iraq and Iran boosted output and
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
