Commodity Market Report
North America Crude Markets short-term outlook: March 2021
Report summary
All market eyes this month were on the surprise cautious approach taken by OPEC+ in returning production to the market. This notably sent WTI prices briefly above $67/bbl for the first time in nearly five years. Highlights North America Crude Market short term outlook include: • How has the USGC oils complex rebounded from the late February freeze? • Latest views on L48 supply post corporate 4Q earnings season commentary • Adjusting expansion capacity of the Keystone pipeline in 2021 – what are the effects on WCS pricing? • Latest views on impacts of a tighter than expected global market on US inventories
Table of contents
- The Texas freeze
-
US Lower 48: winter storm impact was severe but short-lived
- Impact of severe winter storm
- Operator guidance
- Permian production quickly rebounds
- Gulf Coast bound pipeline flows restored
- Gulf Coast refining capacity lags behind
- Overall winter storm inventory impact neutral to slight positive
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America Crude Markets short-term outlook: April 2024
TMX and concluding US refinery maintenance will soon bring change… but just how soon?
$3,500
Commodity Market Report
North America Crude Markets short-term outlook: March 2024
US exports jump to record high amid coastal refinery outages.
$3,500
Commodity Market Report
North America coal short-term outlook March 2024
Weak coal generation is on the cards for spring, as gas prices finish their winter collapse.
$5,000
