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Global Demand Growth Input

What do you believe will be the annual global demand growth for crude oil?

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GLOBAL DEMAND GROWTH:

Global Demand growth typically hovers between 1% to 2%. However, current growth is a little slower. Select how much you think global demand growth may be for crude oil.

S. Arabia & Russia Foreign Reserves Sensitivity

What portion of their reserves do you feel drives their behavior to produce an additional barrel of oil?

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S. ARABIA & RUSSIA FOREIGN RESERVES

The current oversupply is costing Saudi Arabia and Russia (2 of the largest producers) billions of dollars every month, thereby not meeting their budgetary requirements. To balance budgets, they draw on their foreign reserves - part of which are liquid and easily accessible; and part of which are not as liquid and tied up in other countries. Select whether you would like to consider the Liquid portion or the Totality of their foreign reserves for this analysis.

Note: Selecting the liquid portion means that both countries will act quicker to reduce production. Selecting the totality means that both countries may delay production cuts to control prices

Demand/Supply Price Sensitivity

For every 1% uptick in the Demand to Supply ratio, how much do you believe will the price of a barrel increase?

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$/BBL price rise for every 1% increase in Demand/Supply imbalance

Demand is fundamentally always higher than supply. Historically, this imbalance is 2-3% in favor of demand. Today, it is < 1% in favor of demand- hence you hear that we are "Over-supplied". Price increases for each 1% increase in imbalance based on global demand growth and production volumes is difficult to predict. How much do you believe the price of a barrel of oil will rise based on each 1% increase in demand over supply going forward?

Marine Crude Oil Tanker Storage Potential Impact

Do you want to see the potential impact of a sudden release of marine inventories in the short term?

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Marine Crude Oil Tanker Inventory Potential Impact

There is currently an estimated 100 – 150 million barrels of crude oil stored in large crude carriers at sea. Select whether you would like to see the impact of any sudden release of this stored inventory into the market and how it may impact the price of crude oil by providing a sudden increase in supply prior to any significant production cuts.