Wednesday 5 June 2013

Oil market struck by light sweet fatigue | FT Alphaville

"John Kemp at Reuters has been following the interesting case of light sweet fatigue in the oil market.

As he first noted on Tuesday, a surge in shale oil production alongside a big increase in modern refinery capacity is increasingly undermining the value of sweet crude in the market.

Or at the very least, the crude is no longer as prized an oil asset as it used to be."

'via Blog this'

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