Commodity market report
| |
0 Pages

Macro oils short-term outlook: March 2017

Macro oils short-term outlook: March 2017

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 includes 6 file(s)

  • Macro oils short term outlook March 2017 Executive Summary.pdf PDF - 277.89 KB
  • Macro oils short-term outlook March 2017 slide pack.pdf PDF - 2.18 MB
  • Macro oils short term outlook March 2017 price outlook.xls XLS - 269.50 KB
  • Macro oils short term outlook March 2017 supply demand.xls XLS - 1.00 MB
  • Macro oils short term outlook March 2017 US dollar.xls XLS - 1.44 MB
  • Macro oils short term outlook March 2017 slide charts.xls XLS - 588.00 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.

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

In this report there is 1 table or chart, including:

  • Executive summary
    • Libya supply scenarios
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...