Commodity Market Report
North America Crude Markets short-term outlook: January 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
December was defined by disruptions for the North American crude value chain. A spill shuttered the Keystone pipeline system, hampering WCSB egress capacity and deliveries to US downstream markets. Meanwhile, extreme cold temperatures led to widespread refinery outages in the US in late December, particularly in the Gulf Coast. In this month’s publication, we provide an overview of the recovery progress for both major disruptions as of early January. Although partially resolved, lingering impacts of the events – especially the refinery outages – are spilling into the new year. US refinery crude runs remained ~390 kb/d below pre-storm rates as of January 9 (compared to a peak impact of ~1.55 million b/d), according to Wood Mackenzie. We also discuss our expectations for US L48 supply amid winter freeze-offs and completion efficiency gains.
Table of contents
- Keystone update
- Cold temps shutter Gulf Coast refinery operations
- US L48 Supply
- Prices
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Power On North America: evaluating behind-the-meter trade offs for data centers
Recent highlights from the North American power and renewables sector
$3,000
Commodity Market Report
Macro Oils short-term outlook: September 2021
Covid surges, OPEC+ meets and demand continues to recover
$2,000
Commodity Market Report
Macro oils short-term outlook: March 2023
Global liquids demand recovers to 2019 levels by Q2 2023, as China demand surges
$2,000
