• 2015 Brent price $83.42 vs $101.67 prior
  • 2015 WIT price $77.75 vs $94.58 prior
  • 2015 world oil demand +1.12mbpd vs +1.24m prior (total demand exp 92.5mbpd vs 92.71m prior)
  • 2015 world oil supply at 92.91mbpd vs 92.67 prior
  • Non-OPEC supply +0.95m vs +1.17m prior

The US is expected to turn out 9.42mbpd in 2015 and see a small rise to 8.57mbpd in 2014

The supply vs demand picture doesn’t look like improving anytime soon and so neither will the prices