OPIS’s longtime oil market analysts Tom Kloza and Denton Cinquegrana have compiled an outlook on the downstream energy markets for the year ahead.
Access this free report for an in-depth analysis of crude oil, jet fuel, renewable diesel, gasoline, refining, the middle of the barrel, critical oil transit choke points, and more.
Here are just a few key takeaways:
- Gasoline exports will surpass imports on a consistent basis, a trend that has been emerging over the past couple of years
- The wave of M&A activity in the second half of 2023 may result in more production in fewer hands, with the potential for more output discipline
- If Mexico’s Dos Bocas refinery is manufacturing gasoline and diesel this winter, that could alter the dynamics for many US Gulf Coast refiners
- Kerosene could become prohibitively expensive should real winter weather emerge
- Strong prices for legacy diesel in 2022 and 2023 helped create an environment that saw millions of dollars in new investment in renewable diesel plants
- Without an event (a storm impact, refinery fire, or ruptured pipeline), it is unlikely that the national average for gasoline will reach or exceed $4/gal
- Plus, many more pivotal points for the 2024 energy landscape
This report offers insightful predictions on what 2024 has in store for downstream energy markets.
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