The May 2015 Macro Oils long-term outlook shows price recovery in the years to 2020 when we forecast Brent at an annual average of $90.00 per barrel in real terms. Our view is based on the expectation for continued oil demand growth although at a slower pace after 2020.
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Global macro oils long-term outlook H1 2015 PDF - 3.36 MB 81 Pages, 23 Tables, 62 Figures
H1 2015 May 2015 LTO Data.xls XLS - 259.00 KB
The oil industry is one of the largest in the world, with high revenues and costs, and major investments that have long lead times. Recent global changes in supply and demand have deeply impacted the industry, causing ongoing uncertainties and a murky outlook, with long-term fundamentals guiding industry performance.
This Oil Markets Long Term Outlook report provides detailed fundamentals of supply and demand. It also gives an overview of geopolitical factors that play a role in Wood Mackenzie's price outlook.
Oil sector participants can use this report to understand the key factors affecting oil prices. It also gives you a good understanding of long-term strategy and investment decisions by industry players and governments in all parts of the oil and gas value chain.
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Commodity market report | May 2015
Global macro oils long-term outlook H1 2015
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