Insight
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7 Pages

Implications of changing US crude export policy


Implications of changing US crude export policy

Report summary

Growth in US oil production continues to impress and with that growth comes increasing concern the US refining system might not be capable of processing all the lighter oil volumes. Thus, there is increasing interest among both the oil industry and policymakers as to the merits of a change of US crude oil export policy.

This insight examines a potential policy shift and how it might impact US export crude oil flows and differentials.  

What's included?

This report includes 2 file(s)

  • Implications of changing US crude export policy PDF - 871.98 KB 7 Pages, 0 Tables, 8 Figures
  • Implications of Changing US Crude Export Policy Slides.pdf PDF - 896.24 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Summary
  • The types of US crude oil the world may want
  • Where potential export markets might be
  • Markets offering the better netbacks
  • Louisiana Light Sweet
  • Condensate
  • Mars
  • Conclusions

In this report there are 8 tables or charts, including:

  • Summary
  • The types of US crude oil the world may want
    • Figure 1 – US crude oil assays
  • Where potential export markets might be
    • Figure 2 – Shipping costs by route to various refining centres
    • Figure 3 – Light crude oil demand for Europe and Asia
    • Figure 4 – Medium-sour crude oil demand for Europe and Asia
  • Markets offering the better netbacks
  • Louisiana Light Sweet
    • Figure 5 – LLS netbacks from Europe and Asia (2020)
    • Figure 6 – Range of Brent-LLS differential (2020)
  • Condensate
    • Figure 7 – Eagle Ford condensate netbacks from Europe and Asia ($/bbl)
  • Mars
    • Figure 8 – Mars netbacks from Europe and Asia ($/bbl)
  • Conclusions
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