• Global Gas Analytics
  • Analysis & Forecasts

Executive Summary Oil market outlook

August 2018

The ratcheting up of trade tensions between the United States and China, combined with turmoil in the financial markets of emerging economies caused by Turkey’s worsening currency crisis, will continue to weigh on oil prices over the coming months. Nevertheless, Venezuela’s falling oil production and the potential for a sharp decline in Iranian output as a result of the enforcement of US sanctions will limit price losses.

The prevailing risk-averse sentiment in the financial markets has bolstered investors’ appetite for safer instruments such as the US...