Commodity market report
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Global macro oils short-term outlook: end-August 2016

Global macro oils short-term outlook: end-August 2016

Report summary

This Macro Oils Monthly Update updates our crude oil price, supply and demand short term forecasts. Our longstanding expectation for a tightening in the supply and demand balance and its timing remains in place. However, the view is contingent on continued strength in oil demand growth. The report looks at the continuing effect of low oil prices on world oil supply.

What's included?

This report includes 3 file(s)

  • Global macro oils short-term outlook 1 Sept 2016 data.xls XLS - 974.50 KB
  • Global macro oils short term outlook 1 Sept 2016 prices.xls XLS - 270.00 KB
  • Global macro oil short term outlook 1 Sept 2016.pdf PDF - 3.25 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.

  • Executive summary
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