Insight
Global oil cost curves and pre-FID breakevens - March 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
This insight includes the key charts and conclusions from our most recent global breakeven analysis, which was updated in line with the Global Oil Supply strategic planning outlook – March 2024. Breakeven costs are assigned to every element of our global liquids supply forecast. This gives us a comprehensive view of the global cost of supply and forms a crucial part of our long-term oil price forecast.
Table of contents
- North America dominates the higher end of the global cost curve
- OPEC is lower cost than Non-OPEC supply, however both will rely on higher cost supply to maintain production in future
- Deepwater developments are becoming more competitive
- Future sources of supply are needed to offset onstream field declines of 20 million b/d over the next 10 years, in order to meet global demand
Tables and charts
This report includes the following images and tables:
- Global liquids capacity in 2034 by breakeven
What's included
This report contains:
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