Oil prices - production shut-ins and the cost curve
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.
Table of contents
The production cost curve
Who has shut-in?
Barriers to shutting-in?
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
This report contains:
Oil Prices - production shut ins and the cost curve