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5 Pages

Oil Prices - When do production shut-ins start?


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.

What's included?

This report includes 1 file(s)

  • Oil Prices - When do production shut-ins start? PDF - 352.54 KB 5 Pages, 0 Tables, 3 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • The Production Cost Curve
    • Who shuts in first?
    • Methodology

In this report there are 3 tables or charts, including:

  • The Production Cost Curve
    • 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
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