Insight

The global oil cost curve: can US tight oil fill the supply gap?

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Report summary

Wood Mackenzie's Oil Supply Tool now has a granular breakdown of the global cost curve. Breakeven costs have been assigned to every element of our global liquids supply view providing a comprehensive view of the global cost of supply. In this insight we highlight a portion of the valuable analysis that this dataset can provide. Key findings include: Higher cost projects required to fill a supply gap of 22 million b/d by 2026 Pre FID projects are crucial part of the future supply mix making up half of the new supply required by 2026 Wolfcamp and Eagle Ford plays dominate the pre FID cost curve in 2026 But as interest in the Permian inflates so too will costs

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    Global cost curve.pdf

    PDF 872.91 KB

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This report includes 1 images and tables including:

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  • The global oil cost curve by resource theme for 2026 production

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