Commodity Market Report
North America Crude Markets short-term outlook: October 2020
Report summary
In this short term update we extend our short-term horizon to 2022 and assess the impact of forecast rising global crude prices through 2021 and into 2022 on US production, midstream utilization, and inland differentials. In this update we explore: • 2022 themes resulting from modest US production recovery taking hold • Assessing the midstream environment in 2022 and resulting differential impact • Outlook for US inventories given continued forecast tight global fundamentals
Table of contents
- US Lower 48 production outlook
- Inventory picture
- Permian notes: Midland-to-ECHO III (Wink-to-Webster) begins line fill in late September
- Key differentials outlook
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