3 min listen
Steeper crude backwardation puts pressure on African crude oil
FromOil Markets
ratings:
Length:
11 minutes
Released:
Jul 15, 2021
Format:
Podcast episode
Description
Against a backdrop of growing Coronavirus infections and OPEC+ discord, oil prices keep rising. How can long-haul crude cargoes stay competitive as backwardation in the forward curve widens and puts pressure on Asia-bound oil from West Africa and Europe? In this episode of the Oil Markets Podcast, S&P Global Platts reporters Emma Kettley and Nick Baldwin discuss with Joel Hanley why a stronger backwardation is boosting certain crude grades while hitting others.
Released:
Jul 15, 2021
Format:
Podcast episode
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