Oil prices - production shut-ins and the cost curve

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Report summary

Analysis of our data for 2016 indicates that at US$35/bbl, 3.4 million b/d of oil costs more to produce than the revenues received. In practice, there has been minimal production shut-in so far in this downturn - less than 100,000 b/d, equivalent to 0.1% of global production.

What's included

This report contains

  • Document

    Oil Prices - production shut ins and the cost curve

    PDF 431.29 KB

Table of contents

  • Executive summary
  • The production cost curve
  • Who has shut-in?
  • Barriers to shutting-in?
  • Methodology

Tables and charts

This report includes 4 images and tables including:


  • Full operating cash cost curve
  • Detailed (>50 mb/d) operating cash cost curve
  • Oil production and operating cash cost by resource theme
  • Oil production with operating cash cost more than $35/bbl by country

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