Riedel Research Global Macro - What Is the Longer-Term Geopolitical Impact of Low Oil Prices?

Reduce WTI 77 Short for Bounce and Fade to Non Consensus New Lows

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

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<strong>Oil prices – lower for longer</strong>: The International Energy Agency (IEA) now sees the oil glut persisting into late-2017 as demand growth falls while supply remains resilient. Consumption growth slumped to a two-year low in 3Q16; the IEA has trimmed projected global oil demand growth by half to just 200,000 barrels a day in 2017.</li>
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<strong>Record output from OPEC’s Gulf members</strong> is compounding the glut. Saudi Arabia overtook the US as the world’s largest oil producer in Aug 16 while Libya and Nigeria are…</li>
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Oil prices – lower for longer: The International Energy Agency (IEA) now sees the oil glut persisting into late-2017 as demand growth falls while supply remains resilient. Consumption growth slumped to a two-year low in 3Q16; the IEA has trimmed projected global oil demand growth by half to just 200,000 barrels a day in 2017.

Record output from OPEC’s Gulf members is compounding the glut. Saudi Arabia overtook the US as the world’s largest oil producer in Aug 16 while Libya and Nigeria are…


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Turning Point on Oil Impact on Asia