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WTI and Brent Benchmarks: no Rx for WTI any time soon

Abstract:

There is little mystery about why West Texas Intermediate (WTI) crude oil started to see its price de-couple from time to time from sister crude benchmark Brent starting in 2007. There’s even less mystery about the near complete disconnect in the market values of these two crude streams, which came to the fore in 2010 and will linger in the market for at least another 18–24 months, perhaps even longer: crude oil supply has become congested in the US mid-continent and it is highly unlikely tha...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Publisher:
Oxford Institute for Energy Studies
Journal:
Oxford Energy Forum Journal website
Volume:
84
Pages:
13-15
Publication date:
2011-05-05
ISSN:
0959-7727
URN:
uuid:383e0de9-3d74-4e36-88d0-0aaae219c234
Local pid:
ora:11239
Language:
English
Keywords:

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