Executive Summary Oil market outlook

January 2018

Geopolitical tensions, the gradual rebalancing of the global oil market and a weak United States dollar index are expected to support oil prices over the coming months. Nevertheless, rising oil production in the US will cap price gains, while an exit strategy from the output cut agreement between OPEC and some non-OPEC countries will also be closely watched.

The risk premium is rising as a result of tensions in the Middle East. Protests in Iran and conflicts within the Saudi Arabian royal family are set to...

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