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Steeper crude backwardation puts pressure on African crude oil

Steeper crude backwardation puts pressure on African crude oil

FromOil Markets


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

Titles in the series (100)

S&P Global Commodity Insights analysis of key oil price movements across the globe.