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Oil Prices - When do production shut-ins start?

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07 January 2015

Oil Prices - When do production shut-ins start?

Report summary

As oil prices move ever lower, we are now turning to the Short Run Marginal Cost as another measure of the oil price floor. The SRMC can be a more immediate brake on production, although when and how is never easy to predict. In our oil market forecast, we do not think this floor will necessarily be triggered. However, we want to present this detailed analysis to gauge where it is and how much supply would be affected at what level.

Table of contents

Tables and charts

This report includes 3 images and tables including:

  • Operating cash cost curve for oil production
  • Oil production volumes below operating cash cost by resource theme
  • Oil production with operating cash cost >$40 by country

What's included

This report contains:

  • Document

    Oil Prices - When do production shut-ins start?

    PDF 352.54 KB