Commodity market report

North America crude markets short-term outlook June 2017

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

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

Extraordinarily high US crude runs in April helped to tighten the Brent-WTI differential and to draw down US crude oil stocks. Crude runs this high are normally only seen in the peak of summer. Sustained crude runs at these levels would help to rebalance US crude markets and accelerate the summer drawdown of US crude stocks, but are these high crude runs sustainable. The Dakota Access pipeline, set to begin shipments to Patoka and Nederland mid-May, will put a damper on already waning crude-by-rail shipments. Additionally, increased light crude supply to Nederland could leave the region oversupplied until the Bayou Bridge pipeline is completed in late-2017. Barring supply disruptions from Venezuela or Libya, and assuming no military strike on North Korea, our Brent price forecast remains broadly unchanged.

What's included

This report contains

  • Document

    North America Crude Markets short-term outlook June 2017.pdf

    PDF 1.12 MB

  • Document

    north america crude markets short-term outlook june 2017.xlsx

    XLSX 426.66 KB

Table of contents

  • Executive summary

Tables and charts

No table or charts specified

You may be interested in


Questions about this report?

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