In this briefing:
1. 2019: Five Key Elements to Watch for in the Oil Market
As we turn the page into 2019, uncertainties over the world’s economic environment are stacked so high, that it would be presumptuous to try and read the fortunes of the oil market in great detail.
We expect plenty of volatility and surprises in a very event- and sentiment-driven environment for the oil market next year.
In this year-ender, we cast our eye over the first half of 2019, which promises to be action-packed, with major deadlines and signposts that could set the tone for the rest of the year.
We have identified the following five key elements that will shape the oil market:
- Economic sentiment to remain in the driver’s seat
- OPEC/non-OPEC compliance will be strong
- Demand growth rather than oversupply will be key
- Prices could rebound by end of Q1
- Wild cards: Iran sanctions, US recession
