• Global Gas Analytics
  • Analysis & Forecasts

Executive Summary Oil market outlook

December 2018

Global oil prices are under pressure from rising production in the United States combined with concerns surrounding the US-China trade war. However, prices are expected to rebound in H1 2019 once the impact of the decision by the OPEC-plus group to deepen their production cut becomes evident.

In its December meeting, the OPEC-plus group decided to deepen its production cut by another 1.2 million barrels per day (MMb/d), starting from January 2019 and lasting for an initial six months. The actual cut could be even higher...