• Global Gas Analytics
  • Analysis & Forecasts

Executive Summary Oil market outlook

October 2018

Global oil prices will receive support for the rest of 2018 and 2019 because of disruptions to supplies from Iran and Venezuela. Nevertheless, the ratcheting-up of the trade war between the United States and China, together with economic woes faced by emerging markets, will limit price gains.

Countries taking part in the OPEC-led output cut agreement will closely watch the evolution of the oil market in the run-up to the cartel’s December meeting. Suppliers such as Saudi Arabia and Russia are under pressure to boost production...