Commodity Market Report
North America Crude Markets short-term outlook: Venezuelan sanctions roil USGC heavy crude market
Report summary
Dominating recent headlines is the US sanctions on Venezuela, and subsequent ripple effects to the USGC refining market. What will be the impact to Venezuelan production, and what are the knock on effects to an already curtailment tightened USGC heavy crude market? Also in this edition we provide our latest views on the latest instalment of the fierce midstream competition playing out in the US L48 currently. Also explored in this short term update: -Permian pipeline updates – latest FIDs and a timing surprise -Pipeline project competition spilling into the eastern USGC market -A Rockies crude 'Super Highway' proposal and more looming problems for Niobrara infrastructure
Table of contents
- Venezuela in focus: US sanctions put squeeze on output
- Will the cutback in heavy barrels affect prices?
- Permian pipelines make headlines (again)
- Corpus Christi Export Capacity Upgrades
- Plot twist in the Rockies pipeline drama – and more trouble looming
- Lower 48 crude outlook
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