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Thursday, 6 April 2017

Oil Spread That Rules Trading Flow Seen Aiding OPEC's Rivals - Bloomberg

Oil Spread That Rules Trading Flow Seen Aiding OPEC's Rivals - Bloomberg:

"A crude-price spread that rules over the flow of supply to the world’s biggest oil market will probably favor producers outside the Middle East at least until OPEC meets next month. The premium of Brent, the benchmark for oil from Europe to Africa, over Middle East marker Dubai crude may stay between $1 and $1.50 a barrel during April and May, according to a Bloomberg News survey of 4 traders and an industry consultant. That’s more than 50 percent smaller than the average over the two months last year, data from PVM Oil Associates show."



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