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How are crude prices reacting to a lengthening Atlantic Basin market?

How are crude prices reacting to a lengthening Atlantic Basin market?

FromOil Markets


How are crude prices reacting to a lengthening Atlantic Basin market?

FromOil Markets

ratings:
Length:
13 minutes
Released:
May 16, 2024
Format:
Podcast episode

Description

As European refineries return from seasonal maintenance, ample prompt supply in the North Sea, Mediterranean and West African crude markets suggests that the demand side of the equation remains firmly in the red. Joel Hanley is joined by crude editors Sam Angell, George Delaney and Joey Daly to discuss the implications of a crude-saturated Atlantic basin for prices in the major oil markets west of Suez. Links: Dated Brent PCAAS00 WTI Midland CIF Rotterdam vs Fwd Dated Brent $/bbl WMCRB00 Bonny Light FOB Nigeria London vs WAF Dtd Strip AAGXL00 Azeri Light CIF Augusta vs BTC Dtd Strip AAHPM00 WTI Midland CIF Rotterdam crude differentials plunge to weakest value since October 2021 Nigeria Bonny Light crude value falls to 5-month low: Platts assessment
Released:
May 16, 2024
Format:
Podcast episode

Titles in the series (100)

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