Insight

Wild card for 2016 oil market: OPEC supply uncertainty

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Report summary

The decline in oil prices in December and early January partly reflects concern OPEC supply will swamp the oil market. A major uncertainty around the projected rebalancing of supply and demand during 2016 centres on OPEC and the actions of individual member nations. This Insight assesses the upward and downward supply risks to the forecast for Iran Iraq Libya and Saudi Arabia for 2016.

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    Wild card for 2016 oil market: OPEC supply uncertainty

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This report includes 2 images and tables including:

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  • OPEC crude oil production: Year on year change 2015-2016
  • Shift in the fundamentals in 2016: Annual growth in global supply and demand

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