Insight

Oil Markets in 2016: Back to the Future II?

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19 February 2016

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.

Table of contents

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

Tables and charts

This report includes 4 images and tables including:

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

What's included

This report contains:

  • Document

    Oil Markets in 2016: Back to the Future II?

    PDF 257.56 KB