A New World Oil Order Emerging in 2016 and Beyond?

Reports and presentations on the European Gas Market
European Gas Hub Analysis
Published 02/18/2016 by Dr. Fereidun Fesharaki

Evolution of Market Surplus: 2016 vs. 2015. Demand growth revised up 150 kb/d, non-OPEC supply decline now greater due to lower prices, also, less growth from non-Middle East OPEC members.


Evolution of Market Surplus: 2017 vs. 2016 Other non-OPEC recovers slightly, but US still down. Market becomes balanced in 2017


FGE Long-Term Oil Price Forecast under 4 scenarios



















Fereidun Fesharaki

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