What is the Macro Oils Service?
Macro Oils Service is Wood Mackenzie’s the industry's authoritative resource for understanding the key drivers of market fundamentals with detailed analysis on oil supply, demand, and pricing of crude oil benchmarks that enable you to make better strategic and planning decisions.
What does the Macro Oils Service cover?
Short-term and long-term forecasts of price, supply and demand fundamentals.
Leveraging our Upstream, Downstream, and Petrochemical expertise, we develop a full supply-demand balance across the liquids value chain
What types of information are available in the Macro Oils Service?
Forecasts for oil supply and total demand compiled into a global balance
Electric vehicle penetration, breakeven prices, OPEC policy and fiscal break-evens by country
Light vehicles, commercial transport, aviation, and marine bunker fuel demand
Non-OPEC supply at country level for all major producers
OPEC crude oil production outlook by country and key assumptions around OPEC strategy
Understand changes to supply view from month-to-month and the impact of above ground events
What are the deliverables of the <service>?
List out as bullet points for clarity, whenever possible. Examples:
Short-term outlook. Monthly forecasts of price, supply, and demand fundamentals over the next 18-24 months.
Long-term outlook. Annual forecast of oil supply, demand, and prices to 2050.
Fully built-up global liquids production outlook. Including Non-OPEC supply at country level for all major producers and OPEC crude oil production outlook by country and key assumptions around OPEC strategy
Global demand built up by product and sector. Forecast is split by region, with breakout of 25 countries. Long-term outlook of global light vehicle fleet, including EVs and autonomous vehicles
North America granularity. Breakout of Canada and Lower 48 production by region and includes monthly production and US L48 rig forecast by key play
Price forecasts. Short term and long term for Brent, WTI, Dubai and 7 other crudes. Also include short-term forecast of US (United States) and OECD (Organisation for Economic Co-operation and Development) crude stocks.
How often is the content updated?
Short-term outlooks are updated monthly
Long-term outlooks are updated twice a year
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