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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 PDF - 255.32 KB 4 Pages, 0 Tables, 2 Figures
Description
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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Insight | Dec 2015
Wild card for 2016 oil market: OPEC supply uncertainty
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