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