US crude arbitrage to Asia to close soon

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

US exported close to 1.4 million tons of crude to Asia in the first two months of 2017. This arbitrage opportunity came in timely for US producers to offload their surplus crude to Asian refiners looking to meet their supply shortfall from OPEC production cuts. At Brent-WTI of above US$2.0/bbl, WTI competes favourably with Dubai's refining margins for Asia, making it an attractive substitute for Middle East crudes. This arbitrage window will narrow from Q2 2017 onwards with the shift in US and Asia's crude market fundamentals, where WTI loses its shine against Middle East and African crudes due to price inflation.

What's included

This report contains

  • Document

    US crude arbitrage to Asia to close soon

    PDF 281.87 KB

Table of contents

  • No table of contents specified

Tables and charts

This report includes 2 images and tables including:


  • Crude price differentials, $/bbl
  • Singapore FCC refining margins, $/bbl

You may be interested in


Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898