Commodity market report
| |
1 Pages

North America crude markets short-term outlook December 2016

North America crude markets short-term outlook December 2016

Report summary

At its 30 November 2016 meeting, OPEC agreed to cut its production for H1 2017. In this North America Crude Markets Monthly Update, we assess adherence to the deal and it’s impact on US oil supply.

This month the Canadian government provided more clarity on the outlook for oil sands pipelines as it approved the Trans Mountain Expansion (TMX) and Line 3 Replacement pipelines and sidelined the Northern Gateway project. These announcements were in line with our base case assumptions.

We are looking forward to US stock build and increased US oil exports as US refinery crude runs slows for seasonal maintenance in the spring of 2017. The high cost of RINs has challenged some refiner’s economics and dampened crude runs. We expect to see more of this early next year.

What's included?

This report includes 2 file(s)

  • North America crude markets short-term outlook December 2016 PDF - 216.85 KB 1 Pages, 0 Tables, 0 Figures
  • North America crude markets short term outlook Dec 2016.pdf PDF - 1.21 MB


The oil industry is one of the largest in the world, with high revenues and costs, and major investments that have long lead times. The short-term outlook captures key industry developments, the impact of events and geopolitical influences on oil prices.

This Oil Markets Short Term Outlook report provides detailed fundamentals of supply and demand.

Crude oil investors can use this report to make short-term tactical decisions and assess the behaviour of industry players and governments.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced analysts are based in the key oil producing and consuming regions they analyse, providing detailed field-by-field data and demand forecasts driven by country and sector developments.

Our trusted insight helps you deliver successful growth strategies.

  • Executive summary
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...