Report summaryIf oil demand growth slows below our forecast and OPEC does not agree on a production cut at its 27 November 2014 meeting, then Brent could test the US tight oil “floor” of $80 per barrel.
The effect on US tight oil production growth from Brent prices above $80 per barrel is minor for 2015-2016, if Brent prices remain above that level and WTI above $70 per barrel. This is based on our newly updated analysis of break even prices.
This report includes 1 file(s)
- Global oil market update 21 October 2014.pdf PDF - 3.66 MB