Commodity Market Report

Macro Oils short-term outlook: April 2021

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07 April 2021

Macro Oils short-term outlook: April 2021

Report summary

At its recent meeting, OPEC+ went with a phased increase in production from May to July this year. The decision matches our expectations. It also reduces the risk of a sharp spike upward in oil prices the next several months. Highlights in the Macro Oils short-term outlook include: • Impact of new lockdown restrictions on our demand view • US Lower 48: higher prices support supply upside in 2022 • How will Bakken producers be affected if the Dakota Access pipeline is shuttered? • What's driving the differential forecasts for WTI, Dubai and Maya

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    Macro Oils Short Term Outlook April 2021 Data.xlsx

    XLSX 4.68 MB

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    Macro Oils Short Term Outlook April 2021 Slidepack.pdf

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    Macro Oils Short Term Outlook April 2021 Slide Charts.xls

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    Macro Oils short-term outlook: April 2021

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