Commodity market report
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Global macro oils short-term outlook February 2016

Global macro oils short-term outlook February 2016

Report summary

The end-February monthly report shows short term oil market fundamentals are weaker. Revisions to historical data for 2015 and a surge in production from Iraq in January helped increase the implied stock builds we show for the first 3 quarters of 2016 significantly.  The forecast for oil demand has been revised downward moderately mostly because of the very warm winter weather in key heating regions of the OECD. The new monthly report on the short term oil markets presents our forecast  for prices, oil demand, OPEC and non-OPEC supply in slide pack format.

What's included?

This report includes 3 file(s)

  • Global macro oil short term outlook Feburary 2016.pdf PDF - 1.97 MB
  • 26 February 2016 data.xls XLS - 973.00 KB
  • 26 February 2016 prices.xls XLS - 268.00 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. 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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