Commodity Market Report

North America Crude Market strategic planning outlook

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

One year after the Russia/Ukraine war began, extreme price volatility has beset the oil market with WTI prices ~30% off year-ago highs as the market grapples with unknowns of both crude and product trade re-optimization. The US has played a critical role in backfilling Russian volumes into Europe, a theme we expect to play out for years to come for US exports. A stronger onshore growth profile for US L48 in this outlook boosts our view on waterborne exports and the infrastructure needs to facilitate increased US volumes into export markets. The boost to onshore production growth in this outlook drives a 400 kb/d higher peak (~12.0 million b/d) in L48 supply three years sooner (2027). US exports are set to surpass ~5 million b/d within the next 4-5 years, an increase of 40% from 2022 levels.

Table of contents

  • US Balance
  • US Lower 48 Production
  • Midstream Outlook

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    North American Crude Strategic Planning Outlook Slidepack 2023.pdf

    PDF 3.09 MB

  • Document

    North America Crude Market Exports And Coastal Infrastructure SPO March 2023.xlsx

    XLSX 1.08 MB

  • Document

    North America Crude Market Supply And Inland Infrastructure SPO March 2023.xlsx

    XLSX 3.43 MB

  • Document

    North America Crude Midstream Forecast Tool SPO March 2023.xlsm

    XLSM 23.96 MB

  • Document

    North America Crude Market Prices & Differentials SPO March 2023.xlsx

    XLSX 153.58 KB