Details
January 26, 2021
8:00AM - 9:00AM
Webinar: Oil Trade: Can the United States Remain a Net Exporter?
Online via Zoom
January 26, 2021 8:00-9:00 AM ET
| Co-Sponsored By: |
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CLICK HERE TO REGISTER
September 2019 was the first month for the United States as a net exporter of petroleum products since the 1940s, realizing a decades-long bipartisan objective of US energy policy. The biggest drivers of this transformation were the surge in domestic crude oil production – powered by tight oil – and the lifting of the crude export ban. Sluggish domestic demand and robust international demand for US crude oil, refined products and natural gas liquids also played a role.
However, as 2021 begins, many observers question whether the US will remain a net oil exporter:
- Shale production is under siege from the pandemic-induced oil price downturn, and from skeptical investors that will demand far greater capex discipline
- The shutdown of some US refineries while new units in Asia come onstream could jeopardize US refined product exports
In this webinar, we’ll assess the strength of the US net export position in
- Crude oil vs. refined products
- Light crude vs. heavy crude
- Gasoline vs. diesel
- LPG and naphtha
And identify the most important factors that will determine the future status of the US as a net exporter.
Speakers:
Clay Seigle
Managing Director, Vortexa Inc.
Michael Cohen
Chief US Economist and Head of Oil Analysis, BP
Moderator:
Mark Finley, Rice University’s Baker Institute
Fellow in Energy & Global Oil
CLICK HERE TO REGISTER
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01/26/2021 08:00 AM
01/26/2021 09:00 AM
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Webinar: Oil Trade: Can the United States Remain a Net Exporter?
January 26, 2021 8:00-9:00 AM ET
Co-Sponsored By:
CLICK HERE TO REGISTER
September 2019 was the first month for the United States as a net exporter of petroleum products since the 1940s, realizing a decades-long bipartisan objective of US energy policy. The biggest drivers of this transformation were the surge in domestic crude oil production – powered by tight oil – and the lifting of the crude export ban. Sluggish domestic demand and robust international demand for US crude oil, refined products and natural gas liquids also played a role.
However, as 2021 begins, many observers question whether the US will remain a net oil exporter:
Shale production is under siege from the pandemic-induced oil price downturn, and from skeptical investors that will demand far greater capex discipline
The shutdown of some US refineries while new units in Asia come onstream could jeopardize US refined product exports
In this webinar, we’ll assess the strength of the US net export position in
Crude oil vs. refined products
Light crude vs. heavy crude
Gasoline vs. diesel
LPG and naphtha
And identify the most important factors that will determine the future status of the US as a net exporter.
Speakers:
Clay Seigle Managing Director, Vortexa Inc.
Michael CohenChief US Economist and Head of Oil Analysis, BP
Moderator:
Mark Finley, Rice University’s Baker Institute Fellow in Energy & Global Oil
CLICK HERE TO REGISTER
Online via Zoom
