Is the Brent oil price flatlining

PwC performed a benchmarking exercise on 30 June 2016.  In our market commentary, we look at:

  • How increased volatility and downward revisions in forecasts are to be more aligned with the futures curve
  • The fundamental drivers of price declines in 2014 and 2015
  • The fundamental drivers of price rise in H1 2016
  • What else has changed in 2016
  • Longer-term considerations.