Commodity Market Report
North America Crude Markets short-term outlook: April 2021
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Report summary
The gravity of the US Army Corps of Engineers’ decision on 9 April about the operational status of the Dakota Access pipeline is immense, with ripple effects likely to be felt across the entire crude value chain north of Cushing in North America. In this update, we rehash the DAPL situation with additional analysis including: • Dakota Access shut down scenario effect on Bakken supply and regional differentials • Impacts of a DAPL shutdown on Midwest refining margins • Broader effects of significant Oil Sands project maintenance in April and May • Bearings on US refining markets, differentials, and Cushing storage
Table of contents
- All eyes on the Dakota Access decision
- Major Western Canadian Oil Sands maintenance in 2Q
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What's included
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