Where now for oil?
by Robin Francis, Paola Carvajal, Agustin Gogorza, Rodolfo Guzman, Enguerran Ripert
August 2015
Recent market turmoil is not likely to last - a new normal is in the making for oil and gas prices

The recent precipitous fall in oil was predicted by almost no-one. In this viewpoint we attempt to explain the economics of the change and highlight an emerging “new normal” for oil prices in which a medium term recovery occurs, but prices stay below US$80 per barrel. We also highlight the implications of this new normal.