Global Commodities: Oil 2030: Long Term Incentive Oil price - a podcast by J.P. Morgan

Speaker:  
Natasha Kaneva, Global Commodities

 

We calculate the incentive price of oil needed to ensure that the world has enough investment—and oil—in 2030 and to close the supply-demand gap of over 4 mbd. Assuming 2% inflation, the low end of the range for the Brent incentive price sits at about $63 based on an IRR of 20%. An IRR of 25% moves the incentive price to $78/bbl. Under a 4% inflation scenario, the range is $80 to $100.

This podcast was recorded on June 30, 2023.
This communication is provided for information purposes only. Institutional clients can view the related reports at  https://www.jpmm.com/research/content/GPS-4381901-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

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