BENTEK’s Market Alert also forecasts that U.S. and Canadian oil prices will remain under downward pressure relative to international benchmarks. Outright WTI prices are expected to fall as much as $16/bbl by the end of 2017, with LLS disconnecting from Brent crude prices as light crudes compete for market share in the Gulf Coast.
BENTEK’s new North American Perspective section of the Crude Awakening: Shale Boom Hits Oil Market Alert series includes 10-year crude oil supply and demand forecasts for the U.S. and Canada, including regional production, overseas imports, regional inflows/outflows, refining demand projections and an examination of crude oil transportation constraints. This Market Alert provides comprehensive analysis of how growing crude oil production will influence overseas imports to the U.S. and price spreads to global benchmarks.
For more information about BENTEK’s Crude Awakening: Shale Boom Hits Oil or BENTEK’s Crude Oil Balances, go to http://www.bentekenergy.com or call 1-888-251-1264.
Learn more about BENTEK's Crude Awakening: Shale Boom Hits Oil Market Alert: http://www.bentekenergy.com/
Learn more about BENTEK's Crude Oil Balances: http://www.bentekenergy.com/