Insight
US Upstream week in brief: US crude exports poised to accelerate as Brent-WTI spread hits two-year high
Report summary
As the Gulf Coast continues to recover from the aftermath of Hurricane Harvey, the Brent-WTI differential has risen to ~$6/bbl, its widest level since prior to the crude export ban lifting in 2015. We explore the reasons for the widening gap and its impact to US crude exports. Meanwhile in Lower 48, Chevron divests non-core Permian acreage in the Central Basin Platform. Chesapeake delineation pilots in Powder River continue to impress. Haynesville productivity gains driving supply outlook growth.
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