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Global upstream oil supply webinar: Lower for longer – non-OPEC decline rates
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Report summary
Decline rates are a critical factor influencing the current rebalancing of the oil market and price recovery. A 50 percent cut in investment in producing non-OPEC oil fields since the price crash should have led to progressively steeper decline rates, but this has not happened. Why have decline rates stabilised? What is driving the forward outlook for declines? What are the implications for the market? In this webinar we discuss the issues. Included is a recording of the webinar, the slide pack that was presented and a summary of the Q&A session.
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