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What is next for heavy Canadian crude?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
At a recent industry event in San Antonio, Wood Mackenzie presented our view on what is next for the Canadian heavy oil market. With all the moving parts between production, takeaway capacity and refiner demand, things were looking up for market access and price realizations. But uncertainty is now prevalent from recent pipeline announcements, slower investments and regulatory changes.
Table of contents
-
Canadian production
- Change in North America crude oil supply
- Heavy oil supply growth
- Heavy Canadian differentials
- Logistics
- Disposition of crude
-
Change is coming
- Outlook for heavy oil
-
Biggest x-factor: The IMO
- Displace fuel oil
- Widening risk for WTI-WCS
- Takeaways
Tables and charts
This report includes the following images and tables:
- Change in North America crude oil supply from Q1 2017 basis
- Outlook for heavy oil supply & Change in heavy oil supply
- History of the WTI-WCS differentials
- West Canada oil supply-takeaway balance
- Disposition of crude from the WCSB
- Outlook for WTI-WCS
- Outlook for heavy oil supply & Change in heavy oil supply
- Timeline for enforcement of MARPOL Annex VI SOx emission limits
- Outlook for WTI-WCS
- Range of displaced fuel oil in 2020 & Product crack spread profile, 2001-2025
What's included
This report contains:
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