Press releases
Oil prices in crisis
Considerations and implications for the oil and gas industry
The oil market is experiencing the largest price decline since 2008 as prices tumbled from over $100 per barrel in July 2014 to under $50 per barrel in January 2015.
Summary
In order to understand the market fundamentals that have caused this price decline, key questions concerning the supply/demand balance, OPEC actions, and full-cycle costs for different types of resources must be answered. Oil prices in crisis: Considerations and implications for the oil and gas industry explores the following questions and provides answers for companies and stakeholders operating in a volatile price environment:
- Why did oil prices correct so suddenly?
- Is OPEC content to sit and wait while high-cost producers fall by the wayside?
- Is China, the largest driver of global oil demand growth, rebalancing its economy, or is it due for a painful correction?
- How much new supply is expected to come online in 2015 and 2016 despite the current price environment?
- Will the industry stabilize and balance after 2016?
Learn more about the decline in oil prices.
Download Oil prices in crisis: Considerations and implications for the oil and gas industry article in Greek and the press release here.