Keeping you tuned in

to the developments and trends driving the transition forward

We harness in-depth understanding of the energy market to evaluate recent developments and provide insights that enable strategic decisions under competing opportunities and risks.

June 2016

Insights

The Future of Oil June 2016

The price of oil has nearly doubled since the lows of $27 per barrel reached at the end of January. The growing consensus among market analysts is that a market recovery is underway, with one analyst going as far as predicting that oil will reach $85 per barrel by Christmas. A glance at the evidence greatly supports this – OPEC’s failure to agree on a quota hasn’t curtailed the price rally, there is a steady drop in non-OPEC (read US shale) output, and a summer driving season is giving oil demand a boost.

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