• Global Gas Analytics
  • Analysis & Forecasts

Executive Summary Oil market outlook

January 2019

Oil prices will be supported in 2019 by falling production in Iran and Venezuela combined with the implementation of the output cut agreement made by the OPEC-plus group. However, gains will be capped by rising output from the United States together with the effects of the US-China trade war and growing prospects of the US hitting its debt ceiling.

The OPEC-plus group will try to keep oil markets balanced and to avoid a repeat of the 2015-2016 oil price collapse. The group decided at its December...