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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
