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Oil supply and refining short-term outlook January 2016

Oil supply and refining short-term outlook January 2016

Report summary

On 8 January 2016, Wood Mackenzie presented papers on the short-term outlook for oil supply and refining. We explore the impact of the sustained low oil price on non-OPEC supply, with particular focus on the US onshore; the uncertainty around OPEC production in 2016; and the impact of decline rates and project deferral on medium term supply. We review the outlook for European refiners in 2016 and consider the medium term implications of Iranian volumes coming back into the market and the COP 21 Paris Agreement. 

What's included?

This report includes 1 file(s)

  • Short term outlook for oil supply and refining 2016.pdf PDF - 3.94 MB


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.

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  • Oil market overview and refining outlook for 2016

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

  • Oil market overview and refining outlook for 2016
    • An excerpt from the downloadable report showing the year-on-year change in supply and demand fundamentals
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