Insight
Surge in oil hedging exacerbates US supply glut
Loading current market price
Report summary
Producers rushed to lock in oil prices higher than US$50/bbl after OPEC's November announcement. Our peer group of the 33 largest oil companies with active hedging programmes added more volume of oil hedges during Q4 than in any of the previous four quarters. Those producers – most of which are highly exposed to US tight oil – are partially insulated from recent price weakness. Derivative gains will help fund part of the budget gaps that would result from sub-US$50/bbl oil prices.
What's included
This report contains
Table of contents
- Surge in oil hedging exacerbates US supply glut
Tables and charts
No table or charts specified
You may be interested in
Company report
CNPC corporate - global upstream portfolio analysis
Company report
EOG Resources corporate - reported results analysis
Company report
Suncor Energy corporate - reported results analysis
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898