Crude Oil Services
Make confident strategic and planning decisions with comprehensive coverage of the global crude oil market including forecasts, prices and trends analysis
In-depth analytics into the crude oil market to guide planning, trading and investment decisions
In a fast-evolving landscape, the oil industry is being impacted by multiple disruptive factors across the value chain. Having a detailed understanding of the production outlook and breakeven project economics of both tight oil and conventional supply is more critical than ever. We provide you with an independent view of the global oil market to support your strategic and planning decisions, in both upstream and downstream sectors, now and in the future.
Features and workflows
A comprehensive and transparent view of the future global crude oil value chain to identify investment opportunities.
Key features of Crude Oil Services:
- Monthly outlook with forecasts of price, supply and demand fundamentals over the next 18-24 months including the impact of above ground events.
- Annual forecast of oil supply, demand, trade and prices to 2050. Includes breakeven price analysis for supply, transport forecasts and OPEC spare capacity.
- North America granularity with a breakout of Canada and Lower 48 production by region and short-term, including monthly production and US Lower 48 rig forecast by key play.
- Country reports for top producing countries, covering political and regulatory issues, key risks, future components of supply and crude quality, with dynamic charts.
Wood Mackenzie's Crude Oil Services provide data including:
- Global breakeven cost curve 4000+ supply nodes.
- Global demand built up by product and sector split by region with breakout of 25 countries.
- Crude oil and NGL supply forecast including OPEC and 35 non-OPEC countries/regions with detailed breakout of US Lower 48.
- Forecast of US crude stocks, global crude floating-roof tank storage using satellite analytics.
Wood Mackenzie's Crude Oil Services enable a number of key workflows including:
Market Analysis
- Understand the key issues for oil and NGL supply as well as the future global market based on forecasts for supply, demand and crude oil prices
- Develop a comprehensive supply view based on a fundamental field-by-field methodology
- Analyse pricing trends of key crude oil benchmarks (Brent, WTI and Dubai)
Strategy Planning
- Understand the risks and supply issues for key producers and assess the impact of economic, geopolitical, policy and technological developments on oil fundamentals
- Analyse changes in crude quality and competition for marketed crude streams
Business Development
- Identify areas of production growth and potential industry opportunities
- Benchmark future oil supply scenarios
- Rank the competitiveness of future projects and identify those at risk
Why choose WoodMac’s Crude Oil Services?
Leveraging our Upstream, Downstream and Petrochemical expertise, underpinned by our granular, bottom-up field-by-field supply data and analysis, we have developed a full supply-demand balance across the liquids value chain. Our independent view on oil prices and key drivers enables companies to gain a detailed understanding of the fundamentals and trends within the global oil market.
Our Oil and NGLs products and solutions:
Oil Supply Tool
Oil Supply Tool
Understand the prospects for future oil and NGL supply, and make astute planning, trading and investment decisions.
Macro Oils Service
Macro Oils Service
Analyse market fundamentals and trends in the global oil industry using our detailed forecasts and independent view on prices and their key drivers.
Frequently asked questions
Here you’ll find answers to the most common questions you may have on Wood Mackenzie’s Crude Oil Services. If you have any other questions, get in touch.
The Crude Oil Services give you access to the following:
- Macro Oils Service which helps you understand the fundamentals and trends in the global oil market using our informed, independent view on oil prices and key drivers.
- Oil Supply Tool which enables you to assess the future of oil and NGL supply with a detailed breakdown of our base case view, incorporating reserves growth, contingent resources and yet-to-find volumes.
Our service provides short/medium and long-term forward outlooks at a minimum monthly cadence.
Our long-term outlooks include webcasts, reports and excel data, while our short-term outlooks include monthly reports and excel data.
Our Energy Analytics platform also provides oil and NGL supply data. It features an enhanced user interface and contains multiple datasets, with the ability to compare old and new datasets. Having a consistent dataset across all different supply categories (water depth, crude quality, crude streams, breakeven data) allows you to cut the data in a range of ways, i.e. crude streams by breakeven band.
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Contact an expert
Players within the oil industry need to adapt to a changing global landscape that is being impacted by a range of disruptive factors.
Get in touch with one of experts today to learn how our insights and Energy Analytics platform can help you plan and develop your corporate and investment strategies.
