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Global macro oils short-term outlook: early July 2016

Global macro oils short-term outlook: early July 2016

Report summary

The early-July Macro Oils Monthly report shows that while oil prices have almost doubled since the January 2016 low, the post-Brexit uncertainty has dampened the prospect for further sharp oil price recovery for H2 2016. Brexit has affected our oil demand outlook, lowering the view for 2016 by nearly 0.1 million b/d. The new monthly report on the short term oil market presents our forecast for Brent, WTI, LLS and Dubai; oil demand and supply in slidepack format with a related data download.


What's included?

This report includes 3 file(s)

  • 11 July 2016 data.xls XLS - 974.50 KB
  • 11 July 2016 prices.xls XLS - 269.50 KB
  • Global macro oil short term outlook early July 2016.pdf PDF - 3.12 MB


The oil industry is one of the largest in the world, with high revenues and costs, and major investments that have long lead times. The short-term outlook captures key industry developments, the impact of events and geopolitical influences on oil prices.

This Oil Markets Short Term Outlook report provides detailed fundamentals of supply and demand.

Crude oil investors can use this report to make short-term tactical decisions and assess the behaviour of industry players and governments.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced analysts are based in the key oil producing and consuming regions they analyse, providing detailed field-by-field data and demand forecasts driven by country and sector developments.

Our trusted insight helps you deliver successful growth strategies.

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