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US crude exports face reversal of fortune amid COVID-19 pandemic

US crude exports face reversal of fortune amid COVID-19 pandemic

FromOil Markets


US crude exports face reversal of fortune amid COVID-19 pandemic

FromOil Markets

ratings:
Length:
22 minutes
Released:
Oct 8, 2020
Format:
Podcast episode

Description

With global demand destruction and COVID-19 continuing to impact US production, the expected trajectory of US crude exports is vastly different than just a few months ago. Before the pandemic, S&P Global Platts Analytics expected US crude exports to end 2020 at a run rate of nearly 4 million b/d, rising past 6 million b/d by the mid-2020s, but with demand loss for now putting a cap on WTI at about $40/b, Analytics now expects exports to fall below 2 million b/d by mid-2021. S&P Global Platts editors Laura Huchzermeyer, Kristian Tialios and Matt Eversman look at the factors affecting US crude exports.
Released:
Oct 8, 2020
Format:
Podcast episode

Titles in the series (100)

S&P Global Commodity Insights analysis of key oil price movements across the globe.