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5 Pages

Oil Markets in 2016: Back to the Future II?

Oil Markets in 2016: Back to the Future II?

Report summary

Thirty years ago, at around the time of the release of the original "Back to the Future" film, the price of Brent crude oil collapsed in a short period of time. Similar to today, the oil market was responding to a significant increase in non-OPEC supplies and a change in OPEC behaviour, as OPEC elected to compete for market share.  In this Insight we examine the 1986 price collapse to compare it with the current one and look for any differences and implications.

What's included?

This report includes 1 file(s)

  • Oil Markets in 2016: Back to the Future II? PDF - 257.56 KB 5 Pages, 0 Tables, 4 Figures


This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced macro analysts and regional sector teams are based in the key oil producing and consuming regions they analyse, providing detailed field data and demand forecasts driven by country and industry forecasts.

Wood Mackenzie's trusted insight helps you deliver successful growth strategies.

  • Executive Summary
    • Introduction
      • Figure 1: Historical Brent oil price (US$/bbl)
    • Historical Comparison

In this report there are 4 tables or charts, including:

  • Executive Summary
    • Oil Markets in 2016: Back to the Future II?: Image 1
    • Figure 2: "Pre-Crash" Oil Balances (demand growth, sources of supply) (kbd)
    • Figure 3: Oil Market "Oversupply"
    • Figure 4: Oil price evolution (percentage of peak price)
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