North America Crude Markets short-term outlook: October 2021 Report

Commodity Market Report 08 October 2021

Get this report

$3,500

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

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

- FAQs about online orders
- Find out more about subscriptions

Report summary

As we roll our short-term outlook out to 2023 we assess the market implications of the in-service of the beleaguered TransMountain Expansion (TMX) pipeline by mid-2023. The immediate effects will be seen in Western Canadian pricing. However, second order impacts are likely to be seen in Cushing inventories, USGC light-heavy spreads, and even impacts in the Pacific basin with Dubai pricing. In this update we assess the market impacts of the TMX in-service as well as: • 2023 forecast extensions for supply, pricing, inventories and midstream forecasts • Effects of an anticipated lingering capital discipline mantra in US L48 in 2023 • Impacts from Permian supply growth in 2023 on a completed midstream system buildout

US Lower 48: capital restraint continues into 2023
- Drilling activity due for an increase
- Corporate landscape will drive tight oil growth, not price
Other North American Supply
- US Gulf of Mexico
- US NGLs
- Canada

Tables and charts

No table or charts specified

What's included

This report contains:

North America Crude Market Short Term Outlook October 2021 Slidepack.pdf

PDF 1.30 MB
North America Crude Market Supply And Pricing Outlook Oct 2021.xlsx

XLSX 947.01 KB
North America Crude Midstream Outlook October 2021.xlsx

XLSX 3.34 MB
WCSB Supply And Diluent Outlook October 2021.xlsx

XLSX 9.36 MB