We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

North America Crude Markets short-term outlook: May 2022

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

06 May 2022

North America Crude Markets short-term outlook: May 2022

Report summary

Six months of historic US SPR releases begin in May. The US ban on Russian crude took effect in late April. Although both of these are in the early days, changes in trade patterns have already begun to emerge; US exports to Europe surged to a record high in April while imports of Russian barrels into PADD 1 dropped off entirely. In this monthly update, we explore early impacts of the SPR releases and Russian crude ban and evaluate how we expect flow shifts to develop going forward. Other topics include: • US supply outlook with DUC inventories at a record low • April blizzards in North Dakota: impacts to Bakken supply and prices • Effects of Canadian Upgrader maintenance ramping up in May

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    North America Crude Market Short Term Outlook May 2022 Slidepack.pdf

    PDF 1.30 MB

  • Document

    North America Crude Market Supply & Pricing May 2022.xlsx

    XLSX 950.30 KB

  • Document

    North America Crude Midstream Outlook May 2022.xlsx

    XLSX 3.04 MB

  • Document

    WCSB Supply & Pricing May 2022.xlsx

    XLSX 9.39 MB