Dominic Haywood

Dominic Haywood profile image

Dominic specialises in North American crude oil market analysis. His work at Energy Aspects centres on supply and demand fundamentals, with a particular emphasis on regional crude balances, trade flows and cash grades. Prior to Energy Aspects he worked for a London based commodity fund as an oil derivatives trader, and for UBS in New York. Dominic holds a BA from Nottingham University, a GDL in Law from the University of Law and an MBA with distinction in Global Energy from Warwick Business School.

Recent publications

  • | US Department of Energy

    Extract from crude oil:Crude stocks dropped by a large 6.9 mb w/w, driven by a huge 4.2 mb w/w draw at Cushing that came despite PADD 2 imports rising by 0.34 mb/d w/w to 2.96 mb/d as rising Canadian supplies clear into US markets. The draws at Cushing so far in January, at 5.5 mb, are only just bel…

    1 day ago - Read more

  • | North Dakotan November 2017 output grew by 11 thousand b/d m/m, revealing lumpier Bakken growth

    In summary:North Dakotan November 2017 production increased by 11 thousand b/d m/m to 1.19 mb/d, a significant slowdown from October.Production growth to remain lumpy as large Bakken operators produce from well pads, suggesting quarterly trends to be the best guide.The use of longer laterals and hig…

    3 days ago - Read more

  • | Bullish Cushing H1 18, but MEH H2 18

    In summary: * The rapid pace of US crude stockdraws, especially in Q4 17, is driving the rally in WTI flat price and spreads. * Despite strong forecasted production growth, open export arbs will allow inventories to draw further in H1 18, allowing WTI spreads to strengthen further. * Bu...

    4 days ago - Read more

  • | US Department of Energy

    Extract from crude oil:US crude stocks drew counter-seasonally last week, by nearly 5 mb to below 420 mb, lower y/y by 64 mb and only 31.6 mb above the five-year average, once adjusted from 66 mb higher by taking into account linefill of 34 mb since 2014. Across December 2017, US crude stocks drew b…

    1 week ago - Read more

  • | The oil world in 2018

    We use this 'In Focus' to identify and analyse 10 themes that we believe will shape the oil world in 2018Geopolitics – We Didn't Start the FireWith the inventory buffer largely depleted, the market is again sensitive to geopolitical supply disruptions. Supply losses are likely in 2018 given the frag…

    1 week ago - Read more