Insight
Brent-WTI blowout: all down to the Permian?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Brent-WTI spread is back in focus having widened to over $10/bbl, its widest spread since 2014 when infrastructure constraints forced large discounts in Cushing to coastal waterborne prices. The US crude benchmark is once again exhibiting signs of infrastructure constraints as the movement in the spread is almost entirely due to a widening spread between WTI pricing in Houston vs. Cushing. This Insight addresses the following questions: 1. Are Cushing bottlenecks back again? 2. With a significant surge in US exports, averaging over 2 million b/d in recent months, could additional crude be backing up in US export hubs and be reflected in the wider spread? 3. What's the outlook for Permian production in light of this wide price differential?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Israel – Iran conflict: implications on the global LNG market
Following a large-scale Israeli attack on Iran, tensions escalate with significant consequences for global oil and gas markets.
$950
Country Report
Global nickel industry cost summary
This summary report examines production and cost trends in the nickel industry.
$6,750
Insight
Global auto supply chains polarised by rare earth restrictions
The automotive industry faces a shortage of rare earth magnets due to China's export restrictions, which particularly affects EVs.
$1,050
