Insight
US market faces test of storage capacity but likely to pass
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Report summary
Record high US crude stocks have exerted a widening pressure on the Brent-WTI differential in recent weeks. In the near term, Wood Mackenzie forecasts continued growth in crude stocks as US crude oil supply continues to rise and as refineries enter seasonal maintenance. We forecast a wide Brent-WTI differential in March through May. We believe there is sufficient crude oil storage capacity available in the US to handle these additional volumes.
Table of contents
- Despite record US crude stocks arbitrage means over supply can be handled
- Growing stocks and widening differential impacted by refinery crude runs
- Crude storage capacity continues to grow
Tables and charts
This report includes 1 images and tables including:
- Map showing crude stocks and impact of wider Brent-WTI on opening and closing crude arbitrage opportunities
What's included
This report contains:
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