DALLAS – October 29, 2026 -- Consultancy Turner, Mason & Company has published four Fall 2026 Outlooks on the energy market. They cover crude and refined products, renewable fuels regulation, heavy crude and worldwide refinery construction.
The Dallas- and Houston-based firm issues its Outlooks each spring and fall. They combine market data, project intelligence and fundamental analysis to assess supply and demand, trade flows, regulatory developments, refining margins and investment trends.
Heavy crude analysis centers on Canadian growth, TMX flows and Venezuela
The Global Heavy Crude Oil Market Outlook evaluates regional production and export availability. It covers Canadian growth, flows linked to the TMX expansion and the potential recovery of Venezuelan production.
Sandeep S. Sayal, vice president of research and consulting, said "crude availability means little if supply cannot move safely, reliably and cost-effectively." He said geopolitical turmoil, shifting trade flows and the TMX expansion are pivoting market fundamentals toward Western Hemisphere heavy crude. For refiners, he said, feedstock decisions now depend on route security, freight and logistical flexibility as much as on quality and price.
Three further Outlooks cover product balances, biofuel rules and refinery projects
The Crude and Refined Products Outlook examines how geopolitical disruption, secure logistics, inventory rebuilding and emerging-market demand are reshaping crude and refined-product balances.
The Regulatory and Renewable Fuels Outlook assesses biofuel policy, RIN and RVO dynamics, and prospects for ethanol, biomass-based diesel, renewable diesel and sustainable aviation fuel.
The Worldwide Refinery Construction Outlook tracks announced and probable refinery projects. It covers their timing, crude slates, product yields and capital-cost trends.
Logistics inefficiencies, inventory rebuilding and energy-security premiums may persist. The Outlooks do not assume that current disruptions permanently alter long-term supply-and-demand trends.