Christine Armstrong

US oil and shale output – Apr 2019
Published 28 Jun 2019 by
- Amrita Sen
- Jon Sudduth
- Christine Armstrong
- Stephen Wolfe
- Gengyuan Chen
- Valeria Daza Cajigal
US liquids output rose m/m by 0.35 mb/d to 18.1 mb/d in April, higher y/y by 2.2 mb/d. NGL and crude production rose m/m by 59 thousand b/d and 0.25 mb/d respectively, with crude hitting a new high of 12.2 mb/d. The m/m change in crude was above our projected production increase of 0.14 mb/d m/m,..
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US sanctions wreak havoc on Asia’s crude import slate
- Global arbs and trade flows
- E-mail alert
Published 26 Jun 2019 by
- Christine Armstrong
- Richard Jones
Global arbs and trade flows
- Global arbs and trade flows
- Outlook
Published 13 Jun 2019 by
- Amrita Sen
- Christine Armstrong
- Stephen Wolfe
- William Claeyssens
- Christopher Haines
- Richard Mallinson
Users can access global trade flows data through our data service. Micro-balances will drive crude movements in the months ahead, even as weaker refinery margins, demand uncertainties from the trade war, and the upcoming IMO 2020 implementation will be in the driver’s seat for now. The..
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Canada oil data – Apr 2019
- Oil
- Data review
- Canada
Published 12 Jun 2019 by
- Amrita Sen
- Christine Armstrong
- Stephen Wolfe
We forecast that Canadian liquids production in April was higher by 33 thousand b/d m/m to 5.3 mb/d, (+ 0.47 mb/d y/y on lower upgrader maintenance). Synthetic production fell by 0.10 mb/d m/m as spring maintenance continued, however mined production was up 0.10 mb/d increasing total bitumen prod..
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US oil and shale output – Mar 2019
Published 31 May 2019 by
- Amrita Sen
- Jon Sudduth
- Christine Armstrong
- Stephen Wolfe
- Gengyuan Chen
- Valeria Daza Cajigal
US liquids output totalled 17.74 mb/d in March, higher y/y by 1.95 mb/d, with NGLs production hitting yet another record high (+0.56 mb/d y/y). The total figure was broadly in line with our estimates for the month at 17.64 mb/d, with crude forecasts accounting for the small variance. US crude pro..
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Canada oil data – Mar 2019
- Oil
- Data review
- Canada
Published 20 May 2019 by
- Amrita Sen
- Christine Armstrong
- Raul Rivera
- Stephen Wolfe
Extract from production: We forecast that Canadian liquids production in March remained roughly flat, up by 17 thousand b/d m/m and just 30 thousand b/d y/y, with only minor changes across the complex. In situ production was up by just 2 thousand b/d m/m, with no noteworthy changes across individ..
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US oil and shale output – Feb 2019
Published 30 Apr 2019 by
- Amrita Sen
- Jon Sudduth
- Christine Armstrong
- Stephen Wolfe
- Gengyuan Chen
US crude production fell for the second month in a row, down m/m by 0.19 mb/d in February to 11.68 mb/d, although production was up y/y by 1.43 mb/d. The February m/m change was lower than our projection of flat for the month, as Gulf of Mexico (GoM) production came in lower than expected (-0.19..
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Canada oil data – Feb 2019
- Oil
- Data review
- Canada
Published 18 Apr 2019 by
- Amrita Sen
- Christine Armstrong
- Raul Rivera
- Stephen Wolfe
Extract from production: We forecast that Canadian liquids production in February decreased by 5 thousand b/d m/m to 5.24 mb/d after falling by 0.29 mb/d m/m in January. In situ production was higher by 64 thousand b/d, substantially reversing the mandated cuts seen in January. Production recover..
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US crude exports set to decline q/q in Q2 19 as US TARs end
Published 9 Apr 2019 by
- Christine Armstrong
- Virginie Bahnik
US oil and shale output – Jan 2019
Published 29 Mar 2019 by
- Amrita Sen
- Jon Sudduth
- Christine Armstrong
- Stephen Wolfe
- Gengyuan Chen
US liquids output fell m/m by 46 thousand b/d to 17.55 mb/d in January, higher y/y by 2.6 mb/d. While NGLs output rose m/m, crude production fell m/m by 91 thousand b/d to 11.87 mb/d from an upwardly revised (+93 thousand b/d) December 2018 reading, but still rose y/y by 1.88 mb/d. The reported J..
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North America Quarterly
- Oil
- North America Quarterly
Published 28 Mar 2019 by
- Amrita Sen
- Virendra Chauhan
- Richard Mallinson
- Robert Campbell
- Jon Sudduth
- Valeria Daza Cajigal
- Christine Armstrong
- Raul Rivera
- Samantha Hartke
- Gengyuan Chen
- Stephen Wolfe
This is the March 2019 edition of our North America Quarterly (NAQ), previously released in February in prior years. We have adjusted our release schedule to coincide better with earnings seasons effective in 2019. As usual, it covers all important aspects of the region, with a particular focus o..
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Canada oil data – Jan 2019
- Oil
- Data review
- Canada
Published 18 Mar 2019 by
- Amrita Sen
- Christine Armstrong
- Raul Rivera
Extract from production: We forecast that Canadian liquids production in January fell by 0.44 mb/d m/m to 5.05 mb/d (-16 thousand b/d y/y), led by a 0.31 mb/d m/m fall in bitumen production due to the Albertan government’s mandated production cuts. In-situ production was lower by 69 thousan..
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Enbridge announces substantial delay to Line 3 expansion; another blow to Canadian oil markets but supportive for the Midwest
- Oil
- E-mail alert
Published 4 Mar 2019 by
- Christine Armstrong
- Stephen Wolfe
US oil and shale output – Dec 2018
Published 28 Feb 2019 by
- Amrita Sen
- Virendra Chauhan
- Jon Sudduth
- Christine Armstrong
We will not be publishing our review of US oil demand and trade for December 2018 today. The EIA reported that it was unable to obtain accurate import and export data due to the US government shutdown. The US Census Bureau is expected to release December trade data on 6 March and the EIA will rel..
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US Department of Energy
Published 27 Feb 2019 by
- Amrita Sen
- Jon Sudduth
- Christine Armstrong
- Raul Rivera
- Samantha Hartke
Extract from crude oil: Market participants will return from IP Week in London to find a USGC price deck significantly more expensive than when they left, and yet the overarching theme concerning US markets at IP week was bearish WTI. While sour crude prices were already strong in the shadow..
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