US Tight Oils – prospects and implications

Working paper

This paper examines the implications of the rapid growth in US tight oil production for US and global energy markets. The behaviour of US crude markets is analysed, with a particular focus on changing arbitrage dynamics. The rapid growth in US tight oils production was not met with an equally fast response by the US midstream companies, resulting in severe regional crude price dislocations. These lower regional prices impacted on producer profits and, more significantly, benefitted refineries...

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Authors: Sen, A

• Publication status: Published
• Peer review status: Reviewed (other)
• Publisher: Oxford Institute for Energy Studies Publisher's website
• Series: OIES paper
• Publication date: 2013-01-01
• Paper number: WPM 51
• ISBN: 9781907555800
• Language: English
• Keywords: OIES; USA; Amrita Sen; WPM 51; WPM51; tight oil; price spreads