Oil Supply Model
Unique supply demand model which builds a global oil price and supply outlook for easy scenario comparison
Support investment decisions and determine commercial strategy with global oil market scenario modelling
As growth in oil demand slows, companies must be agile to the changing landscape and ready to seize opportunities quickly, and quantify how events and trends impact the global oil market.
Wood Mackenzie’s supply demand model builds a global oil price and supply outlook based on market fundamentals to enable you to make smarter investment decisions and craft successful commercial strategies.
Features and workflows
Conduct rapid market analysis and identify opportunities using easily customisable assumptions.
Key features of the Oil Supply Model:
- Rapid market analysis with the ability to run the model through to 2050 in minutes
- Simple to edit assumptions for individual assets including production, costs and start date. Includes bulk edit functionality.
- Supply outlook automatically adjusts as inputs change using the dynamic solver, as both demand or oil price can be used as an input.
- Advanced data exploration through multiple charting options with the ability to filter down to the asset and product level.
- Integration with your workflow as data can be viewed in Wood Mackenzie’s analytics platform, exported to Excel, or used on your own platform.
Wood Mackenzie's Oil Supply Model provides data including:
- 400+ North American tight oil sub-plays modelled.
- Asset level granularity for thousands of upstream and exploration assets with details including production, economics and quality metrics.
- Detailed supply output including asset level outputs, crude quality, cost curves and North American well counts, as well as natural gas liquids split by product.
- Supply outlook which is automatically adjusted as demand or oil price is chosen as an input.
Wood Mackenzie's Oil Supply Model enables key workflows including:
Scenario Planning
- Forecast oil price and production along with a global crude slate and product splits.
- Quickly adjust supply input assumptions at the asset level or with the bulk edit functionality.
- Edit production, costs, NGL extraction rates, demand, US L48 sub play (including type curves and acreage).
- Quantify OPEC+ behaviour and other geopolitical events, trends, and policies to gauge their impact on the market.
- Form an integrated view of the energy markets through scenario comparisons and the ability to integrate with other Wood Mackenzie models in the energy analytics environment.
Benchmarking
- Benchmark assets under different scenarios - starting from the Wood Mackenzie base case, generate bespoke oil price and oil supply forecasts based on your own assumptions and compare different scenario outputs.
Strategy Validation
- Gauge future performance by visualising how any scenario will affect assets around the world, helping to identify strategies to mitigate a changing demand outlook and inform portfolio decisions.
- Assess how energy transition influences the global oil market.
- Gain valuable oil price insights and assess uncertainty and risk.
Why choose WoodMac’s Oil Supply Model?
Wood Mackenzie’s unique dynamic oil markets outlook with modelling capabilities provides you with the insight to identify unique opportunities under different oil price and demand scenarios.
Frequently asked questions
Here you’ll find answers to the most common questions you may have on Wood Mackenzie’s Oil Supply Model. If you have any other questions, get in touch.
The Oil Supply Model offers advanced analytics with data exploration and visualisation capabilities through Wood Mackenzie’s proprietary data analytics platform:
- Easily filter data to any level
- Multiple charting options
- Drill down & bulk tables
- Export into pre-populated Excel files with dynamic charting
- O-data functionality to incorporate into your own platform
The Oil Supply Model provides:
- Output results at the granular asset level for crude and field condensate including API and Sulphur.
- Natural Gas Liquids which can be viewed at the country level showing C2, C3, C4 and C5+.
- Cost of supply curves, North American Rig Counts and Oil Price amongst other outputs.
Contact an expert
With the oil industry being impacted by a myriad of external market forces, you need the ability to identify opportunities under different supply, demand and prices scenarios. Get in touch with our experts today to discover how you can support investment decisions and determine commercial strategy with scenario modelling.
