Is the oil price flat-lining?

Perhaps it’s the geology that does it, but oil is one of those markets that tends to obsess about peaks and troughs: has the price bottomed out? Have we passed peak oil? Why does the current situation feel so unusual? If you look at market consensus views out to 2020, the line is, well, flat.

So what’s driving this? In our latest blog we look at what’s keeping the price down now.