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Brent’s role in key international spreads reveals regional and quality dislocations

Brent’s role in key international spreads reveals regional and quality dislocations

FromOil Markets


Brent’s role in key international spreads reveals regional and quality dislocations

FromOil Markets

ratings:
Length:
14 minutes
Released:
Nov 3, 2021
Format:
Podcast episode

Description

The continued strength in the Brent complex as a whole, demonstrated by the Dated Brent benchmark breaching the $85/b threshold in late October, masks the differing supply and demand dynamics for both sweet and sour grades in Europe, arguably low global stock levels, selective refinery demand and declining official selling prices or OSPs by National Oil Companies. With OPEC+ set to meet on Nov. 4, how will these producers react to a mixed physical picture amid diplomatic pressure to pump more? In this episode of the Oil Markets Podcast, S&P Global Platts Global Brent lead Emma Kettley and Head of Oil News in London Paul Hickin discuss with Joel Hanley the most recent trends in the North Sea crude complex and its effect on important regional crude spreads ahead of the key OPEC+ meeting.
Released:
Nov 3, 2021
Format:
Podcast episode

Titles in the series (100)

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