Commodity market report

Global macro oils short-term outlook: early November 2016

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

After OPEC s 28 September 2016 Algiers meeting the oil market began anticipating an agreement for an output cut and Brent rose as high as $53 per barrel in early October. The apparent lack of progress towards a production deal weakened oil prices in late October. The next turning point is the 30 November 2016 full OPEC meeting in Vienna. The analysis in this Macro Oils Monthly Update assumes OPEC does not implement a significant production cut. We have revised the oil demand outlook upward primarily because of historical revisions. Both non OPEC and OPEC supply have been revised upward for 2016 2018 as production has outperformed expectations. The short term supply and demand balance no longer shows an implied stockdraw for Q4 2016.

What's included

This report contains

  • Document

    Global macro oil short term outlook early Nov 2016.pdf

    PDF 2.32 MB

  • Document

    Global macro oils short-term outlook 8 Nov 2016 data.xls

    XLS 981.50 KB

  • Document

    Global macro oils short term outlook 8 Nov 2016 prices.xls

    XLS 269.50 KB

  • Document

    Global macro oils short-term outlook: early November 2016

    ZIP 2.41 MB

Table of contents

  • Executive summary

Tables and charts

This report includes 0 images and tables including:

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898