Commodity market report

North America crude markets short-term outlook December 2016

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

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 contains

  • Document

    North America crude markets short term outlook Dec 2016.pdf

    PDF 1.21 MB

  • Document

    North America crude markets short-term outlook December 2016

    PDF 216.85 KB

  • Document

    North America crude markets short-term outlook December 2016

    ZIP 1.26 MB

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898