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Wood Mackenzie's oil price outlook

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12 December 2018

Wood Mackenzie's oil price outlook

Report summary

Wood Mackenzie is pleased to introduce our ‘Oil price outlook’ landing page. The page provides our latest coverage of the global oil market, sourcing content from Macro Oils Service, Oil Supply Tool, and North America Crude Market Service. Analysis is added as it is published across our oil market services to keep you informed of key market developments. The page can be bookmarked for easy access to reports.

Table of contents

    • OPEC+ delivers an agreement – a match with our base case
    • Ann-Louise Hittle, Pat Gibson, Douglas Thyne, Ed Rawle, Nikolai Novikov, 12 December 2018
    • OPEC/non-OPEC agree on a production cut for six months
    • Ann-Louise Hittle, 7 December 2018
    • Can OPEC pull off a deal in Vienna?
    • Ann-Louise Hittle, 7 December 2018
    • North America Crude Markets short-term update: Alberta’s pipe dreams bring curtailment
    • John Coleman, 7 December 2018
    • Global upstream oil supply summary - December 2018
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, 6 December 2018
    • Macro Oils short-term outlook: OPEC faces the ultimate balancing act
    • Ed Rawle, Ann-Louise Hittle, Linda Giesecke, Douglas Thyne, John Coleman, Merve Gursel, 5 December 2018
    • December '18 OPEC meeting: production cuts expected
    • Ann-Louise Hittle, 4 December 2018
    • US Lower 48: 4 things to look for in 2019
    • Edward Sherfey,Julie Francis, Ryan Duman, John Coleman, Prachi Mehta, 4 December 2018
    • US - China trade war: dialogue shifts towards de-escalation, large issues remain
    • David Brown, John Coleman, Stephen Zinger, Jon Butcher, Massimo Di Odoardo, 4 December 2018
    • Alberta government enacts production cuts of 325 kbd while pipelines languish
    • Mark Oberstoetter, John Coleman, Nathan Nemeth 3 December 2018
    • Qatar quits OPEC
    • Lynn Morris-Akinyemi, Ann-Louise Hittle, 3 December 2018
    • The Edge: How to stop Nigeria’s oil industry losing relevance
    • Simon Flowers, 29 November 2018
    • Hedging disclosures reveal a missed opportunity
    • Andy McConn, Kris Nicol, 27 November 2018
    • Scrutinising tight oil well costs with more detailed analytics
    • Robert Clarke, Scott Forbes, 27 November 2018
    • Oil supply long-term outlook H2 2018: navigating structural change
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, RT Dukes 23 November 2018
    • OPEC to discuss production cuts at the 6-7 December full ministerial meeting
    • Ann-Louise Hittle, 15November 2018
    • Macro Oils long-term outlook H2 2018: navigating structural change
    • Ed Rawle, Ann-Louise Hittle, Linda Giesecke, Douglas Thyne, Pat Gibson, 15 November 2018
    • North America Crude Markets long-term outlook H2 2018
    • John Coleman, 15 November 2018
    • The Edge: Five reasons why we might have hit peak Permania
    • Simon Flowers, 15 November 2018
    • Mexico´s crude dilemma: to import or not to import?
    • Ixchel Castro, 9 November 2018
    • The impact of US pipeline developments on hedging behavior
    • John Coleman 8 November 2018
    • The Edge: an accelerated energy transi tion
    • Simon Flowers, 8 November 2018
    • U.S. Lower 48 onshore crude production growth surprises to the upside once again
    • Upstream Service, 8 November 2018
    • Are motorists set to see a repeat of 2014's gasoline price reprieve?
    • Alan Gelder, 8 November 2018
    • Norway: 350,000 b/d temporarily shut-in after ship collision
    • Harry Paton, 8 November 2018
    • The US re-imposes sanctions on Iran's oil and gas sector, but grants temporary waivers to eight countries importing Iranian oil
    • Homayoun Falakshahi , Hazel Seftor, 7 November 2018
    • Global upstream oil supply summary - November 2018
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, 6 November 2018
    • North America Crude Markets short term update: market impact of looming export bottlenecks
    • John Coleman, 6 November 2018
    • Macro Oils short-term outlook: prices falter as market focus shifts to potential oversupply
    • Ed Rawle, Ann-Louise Hittle, Douglas Thyne, Linda Giesecke, Pat Gibson, 6 November 2018
    • The Edge: Iran sanctions, winter demand, limited OPEC spare capacity
    • Simon Flowers, 1 November 2018
    • Houston Energy Forum: supply and midstream sessions
    • Kristy Kramer, John Coleman, Prachi Mehta, Andy McConn, Eugene Kim, Ryan Duman, Dulles Wang, Jessica Van Slyke, 29 October 2018
    • Houston Energy Forum: regulatory implications of IMO and biodiesel
    • Zachary Rogers, Charles Hairel, 26 October 2018
    • Iran's oil exports under sanctions: 5 key implications
    • Ann-Louise Hittle, Homayoun Falakshahi, Pat Gibson, Hazel Seftor, Douglas Thyne, 24 October 2018
    • Houston Energy Forum: will short term headwinds impact US energy export volumes?
    • David Brown, Ed Rawle, Stephen Zinger, Alex Munton,Miaoru Huang, 24 October 2018
    • What would a Bolsonaro presidential victory mean for the Brazilian energy sector?
    • Horacio Cuenca, Mauro Chavez, Ixchel Castro, Juliana Miguez, 24 October 2018
    • Houston Energy Forum: deepwater rising - how falling costs and rising production are reshaping the Americas offshore landscape
    • Caitlin Shaw, Julie Wilson, Horacio Cuenca, Imran Khan, 23 October 2018
    • Oil market update
    • Ann-Louise Hittle, 12 October 2018
    • IMO 2020: Implications for crude oil markets
    • Iain Mowat, Alan Gelder, Gordon McManus, 18 October 2018
    • The Edge: geopolitics and the transition from oil to EVs
    • Simon Flowers, 18 October 2018
    • Shifting tides of global crude trade
    • Sushant Gupta, Serena Huang, John Coleman, Ixchel Castro, Lindsay Sword, John Stewart, Suresh Sivanandam, Heitham Tolba, 18 October 2018
    • WTI-WCS blowout: Midwest maintenance exposes downstream bottlenecks
    • John Coleman, 17 October 2018
    • Underspend threatens upstream corporate growth
    • Tom Ellacott, Simon Flowers, Norman Valentine, 16 October 2018
    • EPIC provides crude solution to Permian takeaway issues
    • John Coleman, 8 October 2018
    • North America Crude Markets update October 2018: Permian pipeline relief coming sooner than expected?
    • JohnColeman, 8 October 2018
    • How high can Russian production go?
    • Nikolai Novikov, Ann-Louise Hittle, Douglas Thyne, 4 October 2018
    • Global upstream oil supply summary - October 2018
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, 3 October 2018
    • Macro Oils short-term outlook October 2018: high prices here to stay?
    • Ed Rawle, Ann-Louise Hittle, Douglas Thyne, Linda Giesecke, Pat Gibson, Merve Gursel, 2 October 2018
    • The Edge: what’s holding back a new investment cycle?
    • Simon Flowers, 27 September 2018
    • The growing threat of recession: implications for commodity demand
    • Eleni Joannides, Linda Giesecke, Andy Roberts, Jon Butcher, Gordon McManus,Renate Cakule, 21 September 2018
    • Why a shortage of investment opportunities is upstream's biggest challenge
    • Ian Thom, Malcolm Dickson, Norman Valentine, Ryan Duman, Brian Thomson, 20 September 2018
    • The oil market needs exploration to deliver more reserves
    • Matthew Deane, Douglas Thyne, Pat Gibson, 19 September 2018
    • Why oil-producing economies need to diversify
    • Peter Martin, 18 September 2018
    • Could a Permian NGL pipeline bring near-term relief to crude bottlenecks?
    • John Coleman, 18 September 2018
    • Driving away from diesel - Europe's outlook for cars and fuel
    • Iain Mowat, Alan Gelder, Ed Rawle, Linda Giesecke, 11 September 2018
    • Global upstream oil supply summary -September 2018
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane,7September 2018
    • North America Crude Markets short-term outlook: Canadian pipeline woes, offshore export platform frenzy, and new Permian FID
    • John Coleman, 6 September 2018
    • Macro Oils short-term outlook: strengthening non-OPEC supply, Iran export drop, and weaker China demand
    • Ed Rawle, Ann-Louise Hittle, Linda Giesecke, Pat Gibson, Douglas Thyne, Merve Gursel, 6 September 2018
    • Latest Permian basis hedging mitigates risk of pipe delays
    • Andy McConn, Kris Nicol, 5 September 2018
    • Approval for Canada's Trans Mountain pipeline expansion quashed
    • Maren Stachnik, Patrick Gibson, 4 September 2018
    • Oil production resumes from South Sudanese blocks
    • Harry Paton, Aislinn Clarke, 29 August 2018
    • How green is an electric vehicle on a well-to-wheel basis?
    • Aman Verma, Prakash Sharma, 23 August 2018
    • Oil Supply Tool country reports
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, 23 August 2018
    • Total to exit Iran's South Pars Phase 11 project
    • Douglas Thyne, Homayoun Falakshahi, 21 August 2018
    • Turkish lira crisis: what it means for energy markets and commodities
    • Andy Roberts, Cameron Coogan, Iain Mowat, Peter Martin, Valentina Burrai, Kami Wlazy, 13 August 2018
    • Risk to US gasoline demand: unwinding CAFE mandate
    • Linda Giesecke, Ann-Louise Hittle, 3 August 2018
    • Global upstream oil supply summary - August 2018
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, 3 August 2018
    • North America Crude Markets short-term outlook: export infrastructure, Cushing outlook, Permian pipe update
    • North America Crude Markets Service, John Coleman, 2 August 2018
    • Macro Oils short-term outlook: Iran sanctions, OPEC spare capacity, and downside demand risk
    • Macro Oils Service, Ann-Louise Hittle, Ed Rawle, Pat Gibson, Linda Giesecke, Douglas Thyne, 2 August 2018
    • The Edge: electric Vehicles - transportation disruptor Part 2
    • The Edge, Simon Flowers, 26 July 2018
    • India’s rising oil demand: a wake-up call for domestic refiners
    • Aman Verma, Sushant Gupta, 25 July 2018
    • North American Crude Market webinar: US Supply, midstream constraints, and crude export outlook
    • John Coleman, Ed Rawle, 23 July 2018
    • OPEC upstream investment: Middle East growth offsets African declines
    • Jessica Brewer,23 July 2018
    • The Edge: Electric Vehicles - transportation disruptor Part 1
    • The Edge, Simon Flowers, 19 July 2018
    • China tightens marine fuel regulations ahead of IMO's 2020 sulphur cap
    • Yujiao Lei, Rui Hou, Suresh Sivanandam, 13 July 2018
    • Rising fuel prices is unlikely to put a brake on India’s oil demand
    • Aman Verma, 13 July 2018
    • Macro Oils long-term outlook H1 2018 webinar: peak demand, supply resilience, and rising geopolitical tension
    • Ed Rawle, Ann-Louise Hittle, Douglas Thyne, Linda Giesecke, 12 July2018
    • Recovery of production in Libya
    • Martijn Murphy, Patrick Gibson, 12 July 2018
    • Global oil supply outages spike in July
    • Matthew Deane, Douglas Thyne, Patrick Gibson, Ann-Louise Hittle, 11 July 2018
    • Global upstream oil supply summary - July 2018
    • Douglas Thyne, Pat Gibson, Harry Paton, Hazel Seftor, Matthew Deane, 6 July 2018
    • Macro oils short-term outlook: OPEC decision, Libya decline, Permian bottleneck
    • Macro Oils Service, Ed Rawle, Ann-Louise Hittle, Linda Giesecke, Douglas Thyne, Pat Gibson, Merve Gursel,5 July 2018
    • Libya production falls further – pace and scale of recovery surrounded by uncertainty

Tables and charts

This report includes 8 images and tables including:

  • U.S. Onshore Crude Production and MoM Change
  • OPEC spare capacity and OECD commercial crude oil inventory
  • Permian supply forecast before and after EPIC pipeline conversion
  • South Sudan oil developments
  • Example of the Venezuela Key issues and Risks report
  • Example of the United Kingdom Breakevens report
  • Libya key infrastructure

What's included

This report contains:

  • Document

    2018 oil price outlook Q3 archive.pdf

    PDF 738.34 KB