Global Oil Forecast Service Annual Outlook, 2016-2055; Dec 2016 Q4 Update; Mar 2017 Q1 Update; PLUS June 17 Q2 UpdatePages : 228
Published : May 2017
NewsBase Research Global Oil Forecast Annual Outlook 2016-2055 is a comprehensive forty-year foresight and analysis of global liquid hydrocarbons supply, demand and price.
NOTE: This package includes Q4 Update from December 2016 and also Q1 Update from March 2017 PLUS JUNE 2017 Q2 UPDATES.
The June update will be sent separately once it is released.
Predicting the future“…we expect Saudi to abandon its current production maximisation strategy and return to Equilibrium Management…” NBROF Annual Outlook 2016-2055, September 2016
After publishing the above foresight in our Annual Outlook, a matter of months later – in late November and early December – Saudi led the “core swingers” within OPEC to resume their role of direct intervention in the market as we had predicted. We also forewarned that this return to Equilibrium Management and associated price rise brought with it a premium risk of reigniting appetite in starved US tight oil investment, a risk which we our continuing to monitor in our Quarterly Updates.
In our Q4 Update, published in December 2016, we also discussed the fragility of the OPEC deal: probable production increases in Libya and Nigeria against a backdrop of delicate security situations; the potential for Iran and Iraq to cheat the cuts; why non-OPEC Russia is unlikely to meet its targets. Our Q1 Update in March 2017 provided insights as these predictions bore fruit.
About the Forecast
The Annual Outlook addresses a number of short- to medium-term challenges in its first chapter, titled “Market Rebalances, the Swingers Return”; But it also moves on to address the long-term fundamental questions of our industry in its later chapters:
- How will the supply/demand Equilibrium change over time in the face of a more responsive tight oil industry?
- What does that mean for mature and frontier regions?
- When will EVs make a significant impact on global demand?
- When and on what scale will LNG impact bunker fuel markets?
- When should we worry about peak demand?
As well as the Annual Outlook published every September, NBROF publishes three Quarterly Updates in December, March and June. Consulting time with NBR analysts is also available on request, providing deep-dives into subject areas of interest.
Read a sample (from the Quarterly Update)
Our Annual Outlook provides vital strategic foresight that will be an essential tool to aid in your company’s future growth.
Our unique approach provides the most rigorous, balanced and insightful view of likely movements in global liquid hydrocarbon flows over a substantial period. The resulting foresight is relevant not only to corporations and governments directly involved in oil production and consumption but also to any corporation, government or non-governmental organisation whose activities or interests are affected in a material way by the price and availability of liquid fuels.
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