Long-term Brent price maintained at US$65/bbl – oil and gas price assumptions versus forecasts

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We have increased our long-term base Brent price to US$65/bbl in Q1 2024. Our price setting methodology is underpinned by proprietary global upstream M&A market analysis. Recent transactions are supportive of an increasing assumption price. Users of Lens weekly updates can screen assets or packages and test sensitivities and user-defined pricing using its integrated multi-asset valuation capabilities.

Table of contents

  • Executive Summary
  • Differences between Wood Mackenzie’s price assumptions and forecasts

Tables and charts

This report includes 1 images and tables including:

  • Brent ILTOP versus WM assumptions

What's included

This report contains:

  • Document

    Wood Mackenzie Price Assumptions 2024 Q2.pdf

    PDF 1009.19 KB

  • Document

    Wood Mackenzie Price Assumptions 2024 Q2.xlsx

    XLSX 45.67 KB