Commodity market report

Macro oils short-term outlook: March 2017

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Report summary

Hovering close to US$55/bbl Brent remains stable. Price has been supported by strong adherence to the OPEC and non OPEC production cut agreement led by Saudi and the GCC and Russia on the non OPEC side. Global oil supply has fallen by 1.3 million b/d since end 2016. We continue to expect signatories to extend this production cut agreement to end 2017 supporting price through this year. However on the demand side the engines of growth appear to have slowed or stalled. We assess whether this is temporary or structural.

What's included

This report contains

  • Document

    Macro oils short term outlook March 2017 Executive Summary.pdf

    PDF 277.89 KB

  • Document

    Macro oils short-term outlook March 2017 slide pack.pdf

    PDF 2.18 MB

  • Document

    Macro oils short term outlook March 2017 price outlook.xls

    XLS 269.50 KB

  • Document

    Macro oils short term outlook March 2017 supply demand.xls

    XLS 1.00 MB

  • Document

    Macro oils short term outlook March 2017 US dollar.xls

    XLS 1.44 MB

  • Document

    Macro oils short term outlook March 2017 slide charts.xls

    XLS 588.00 KB

  • Document

    Macro oils short-term outlook: March 2017

    ZIP 2.97 MB

Table of contents

    • OPEC's production cut agreement: how compliant, how long?
    • USA: cost inflation, longer lead times
    • Global demand: stall in global demand growth is temporary

Tables and charts

This report includes 1 images and tables including:

Images

  • Libya supply scenarios

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