BENTEK Energy Begins Monthly Market Report with 5-yr Crude Oil Forecasts

   BENTEK Energy Begins Monthly Market Report with 5-yr Crude Oil Forecasts

PR Newswire

EVERGREEN, Colo., Feb. 4, 2013

EVERGREEN, Colo., Feb. 4, 2013 /PRNewswire/ -- BENTEK Energy, the natural gas
and crude oil analytics unit of Platts, today announced the launch of its new
monthly report, Market Call: North American Crude Oil, which features
five-year price forecasts for a host of North American low-sulfur oils,
commonly known as light, sweet crudes. 

The new monthly is designed to help energy producers, suppliers and other
market participants better understand and estimate how changes to macro crude
oil fundamentals will impact regional prices across North America.

"The resurgence of U.S. oil production is altering traditional flow patterns
and by 2018 should greatly reduce the need for foreign oil," said Anthony
Scott, manager oil analysis, BENTEK Energy. "As the value of crude
transportation capacity is realigned, the West Texas Intermediate (WTI)-Brent
and regional U.S. price differentials will feel the effect."

The forecasts take into account such market fundamentals as regional
production, Canadian and waterborne imports to the United States, refining
demand, and transportation economics across North America. 

BENTEK analysts not only foresee record levels of light, sweet crude oils
being produced in North America between now and 2018, they see those crudes
reaching the U.S. Gulf Coast by several transportation means. As a result,
price spreads between regional crude oils and WTI, the long-time U.S.
barometer crude oil, are predicted to be quite volatile.

By 2018, WTI is forecast to average $74.33 per barrel (/b). Price spreads
between WTI and international crude oils, such as Brent, are likely to remain
wide at more than $19/b, the report shows, as North American production growth
displaces foreign imports. Driving the North American production increases
will be the Bakken, Eagle Ford, and Permian shale oil formations, which will
combine for more than five million barrels of day of production in 2018.

Included in the monthly report are:

  oThe outright WTI forecast as well as ten regional price differentials to
    WTI, including Louisiana Light Sweet, Western Canadian Select and Bakken
    crude oils
  oKey fundamentals of crude oil supply and demand in North America,
    including production, imports/exports and refining demand
  oCrude oil production forecasts by PADD in the U.S. and by major producing
    area in Canada and Mexico
  oCanadian imports to the U.S. by quality and total regional capacity
  oTransportation economics by barge, rail and pipeline with a special
    emphasis on crude-by-rail

To learn more about the report, contact BENTEK at 1-888-251-1264. Visit
www.bentekenergy.com to learn more about BENTEK's full line of crude oil
products.

BENTEK Energy, the natural gas and crude oil analytics unit of Platts,
collects and organizes market data on natural gas, natural gas liquids and oil
markets from thousands of sources worldwide and transforms the data into
actionable intelligence and key market insights. BENTEK provides a full range
of products including daily market reports, online applications, comprehensive
studies, consulting engagements and retainer services. BENTEK Energy was
acquired by Platts in 2011.

About Platts: Founded in 1909, Platts is a leading global provider of energy,
petrochemicals and metals information and a premier source of benchmark prices
for the physical and futures markets. Platts' news, pricing, analytics,
commentary and conferences help customers make better-informed trading and
business decisions and help the markets operate with greater transparency and
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coverage of the carbon emissions, coal, electricity, oil, natural gas, metals,
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McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with
approximately 900 employees in more than 15 offices worldwide. Additional
information is available at http://www.platts.com.

About The McGraw-Hill Companies: The McGraw-Hill Companies (NYSE: MHP), a
financial intelligence and education company, signed an agreement to sell its
McGraw-Hill Education business to investment funds affiliated with Apollo
Global Management, LLC in November 2012. Following the sale closing, expected
in early 2013, the Company will be renamed McGraw Hill Financial (subject to
shareholder approval) and will be a powerhouse in benchmarks, content and
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than 30 countries. Additional information is available at
www.mcgraw-hill.com.

CONTACT:
Kathleen Tanzy
212-904-2860
Kathleen_tanzy@platts.com

Additional media contact: Katie Lowe at catherine_lowe@platts.com or
303-988-1320

SOURCE Platts

Website: http://www.platts.com