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Thread: 3 charts showing the tightness in the crude oil physical market:
North Dakota Bakken Premiums nearly back to all-time highs. This is just not the front month but the 12 month curve, now trading at just under $3/bbl. We see this in other U.S. oil basins as well #OOTT
North Dakota Bakken Premiums nearly back to all-time highs. This is just not the front month but the 12 month curve, now trading at just under $3/bbl. We see this in other U.S. oil basins as well #OOTT
Thread: 3 charts showing the tightness in the crude oil physical market
Ural (Russia) oil pricing differentials made new lows in July however has increasingly reversed over the last month as China/India continue to seek out more oil barrels #crudeoil #oilsupply #OPEC
Ural (Russia) oil pricing differentials made new lows in July however has increasingly reversed over the last month as China/India continue to seek out more oil barrels #crudeoil #oilsupply #OPEC
Thread: 3 charts showing the tightness in the crude oil physical market
For OPEC, it's not what you say but what you do. Last week, the Saudi Official Selling Price moved to a new high at $9.80/bbl. Shows their confidence to compete in a global market that's likely short of oil
For OPEC, it's not what you say but what you do. Last week, the Saudi Official Selling Price moved to a new high at $9.80/bbl. Shows their confidence to compete in a global market that's likely short of oil
