Commodity market report

Macro oils short-term outlook: July 2017 oil price forecast

Loading current market price

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

The market is becoming increasingly concerned about the pace of rebalancing ahead of what appears to be a wave of supply forecast to hit the market next year. We too have become more concerned. Growth in US lower 48 production coupled with stronger than expected Libyan and Nigerian production has reduced the implied stock draw forecast through the second half of this year. Depending on tight oil growth from the US and OPEC decisions around the existing production cut agreement the market could find itself well oversupplied into 2018. We examine the likely response of US tight oil to a flat $40 and $45/ bbl WTI price to see the range of possibilities for 2018. We also discuss the likely behaviour of OPEC and other key non OPEC countries in response to the coming surge in US production.

What's included

This report contains

  • Document

    Macro oils short term outlook July 2017 executive summary.pdf

    PDF 306.14 KB

  • Document

    Macro oils short term outlook July 2017.pdf

    PDF 1.62 MB

  • Document

    Macro oils short term outlook July 2017 price outlook.xls

    XLS 248.00 KB

  • Document

    Macro oils short term outlook July 2017 slide charts.xls

    XLS 749.00 KB

  • Document

    Macro oils short term outlook July 2017 supply demand.xls

    XLS 962.50 KB

  • Document

    Macro oils short term outlook July 2017 US dollar.xls

    XLS 1.36 MB

  • Document

    Macro oils short-term outlook: July 2017 oil price forecast

    ZIP 2.47 MB

Table of contents

  • Executive summary

Tables and charts

This report includes 1 images and tables including:

Images

  • Executive summary: Image 1

Questions about this report?

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