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Originally aired: November 3, 2015
Argus Webinar: Why the US matters
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Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited.
Nearly a year after Opec ministers decided against cutting production to support prices, the effects of a drop in the oil price are beginning to reverse US output growth. Falling output of light oil from the US shale regions will be replaced by Opec’s Mideast Gulf members, particularly Saudi Arabia, Iraq and Iran. The global crude slate will get gradually heavier and sourer, and US refiners will begin to import more crude, with implications for refiners and consumers everywhere.
Listen to this webinar as Sean Cronin, Editor of Argus Global Markets, examines the impact of slowing US production growth on global oil markets. He will discuss:
- Lower prices and the impact on US shale supply
- The resurgence of the US as a crude importer
- Changing global light-heavy crude balances