Why buy this report?
- Get short term oil price forecasts and analysis of the factors that will influence macro oil price in the short term
- Get supply, demand and market analysis from our global team of experts, and understand the risks to our current outlook, including:
- 1. Venezuela: how long will sanctions remain in place?
- 2. China: how will an expected slowdown in Chinese growth affect oil demand?
- 3. Globally: What about the impact of IMO?
With little change to our supply outlook and high levels of political uncertainty, we have made minimal changes to our macro oil price outlook. The outcome to the stand off in Venezuela remains unclear amid emerging signs of a potential prolonged resolution as the bite of sanctions takes effect. Even as sanctions reduce Venezuela and Iran’s production, other producers in OPEC have sharpened their production restraint to cut into potential oversupply for 2019.