NYMEX crude financial contracts for the West Texas Intermediate (WTI) exceeded the Intercontinental Exchange’s (ICE) Brent Crude for the first time in three years on Friday by 3 cents. At the time of writing, WTI was reasserting its benchmark dominance as the spread between it and Brent disappeared. Limited pipeline access has been the main […]
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 […]
The ongoing debacle over the expansion of pipelines from Alberta’s oil sands to refineries in the US Gulf Coast has been back in the news of late. The pipeline is essential for the expansion of the tar-sands in the north of the Canadian province. The fallout from the past five years has contributed to sinking […]
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 […]
Last week, I had the pleasure of attending the fourth annual Argus Americas Crude Summit, hosted by Argus Media from January 25 to 27, in Houston, Texas. This premier conference, held at the beautiful Houstonian Hotel, hosted top trading executives and opinion leaders in the global crude markets. Attendance of just over 200 guests was […]
Rising oil prices are back creating headlines in the mass media with very little consensus as to whether we have passed or have yet to reach the peak. When investigating oil price movements, it seems that almost every other market expert finds something new that nobody else has considered. Therefore, if you are considering taking […]
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 […]