Rebalancing of the Oil Market

Published on01 MAY 2016

For almost two years, global oil prices have slumped beneath the dual forces of increasing supply – in no small part due to low-cost producers in the United States – and weakening demand for commodities across the board. Jeff Currie, global head of Commodities Research, explains why he believes the oil market is moving back into supply-demand equilibrium and which markets hold the key for oil's long-term outlook. 

When we think about the New Oil Order, the key theme is this idea of low-cost producers now beginning to grow production.

- Jeff Currie

Jeff Currie
Global Head of Commodities Research, Goldman Sachs