Useful information and discussion about energy, including oil and gas, peak oil, hydrogen, alternative energy, ethanol and other biofuels, climate change, and geopolitics, from an experienced industry professional.
A service of GSW Strategy Group, LLC, providing foresight and insight in an uncertain world. Content Copyright 2004, 2005, 2006, 2007 and 2008 by Geoffrey S.W. Styles. All rights reserved. The views expressed here are solely those of the author.
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Speculation And Crude Oil Differentials
Posted on June 13, 2008
An article in today's Financial Times provides key insights for anyone trying to understand how oil prices reached their current heights, and where they might go from here. This requires more than just an examination of the highly-visible oil futures markets. We need to look at what refiners--who along with a few utilities in Asia are the ultimate customers for all crude oil--are paying for the grades of oil they actually run. Many of these crudes look very different from the West Texas Intermediate and Brent Blend traded on the New York Mercantile Exchange and the Intercontinental Exchange. B...
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