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Oil supply and refining short-term outlook January 2016

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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.

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  • Document

    Short term outlook for oil supply and refining 2016.pdf

    PDF 3.94 MB

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  • An excerpt from the downloadable report showing the year-on-year change in supply and demand fundamentals

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