As a ZE PowerGroup representative, I recently attended the Argus Americas Asphalt Summit held during the second week of March at the Hilton Post Oak Hotel in Houston, Texas. The event brought more than 150 traders, marketers, refiners and infrastructure resources together to discuss the changes in refinery crude slates, as well as how increases […]
Prices for West Texas Intermediate (WTI) oil have climbed in recent weeks to trade close to a four-month high in New York. While Brent prices have also risen, trade results indicate a decrease in the Brent-WTI spread for future months. Over the past several years, WTI and Brent prices have diverged, with WTI trading at […]
Ever since people developed efficient means of refining petroleum into a range of different petro-products in the middle of the nineteenth century, crude oil has been a vital factor in development and welfare of our society. Nowadays, roughly eighty five million barrels of crude oil are consumed daily. Even though this number might seem like […]
For better or for worse, the expectations of Egypt’s turmoil expanding into neighboring regions proved to be true. And to be true to ourselves, we continue examination of oil prices, the WTI-Brent spread, to be more exact.
Events in Egypt and the potential for this unrest to overflow to the neighboring regions sparked a disturbance among commodity analysts. A lot of analysts kindly added fuel to the public speculations that energy markets were facing a tremendous blow. Some of them were seeing the danger resulting from cuts in oil production in the Middle East. Others […]