Crude Oil

October 03, 2024

EMEA crude spot markets navigate volatility amid Middle East escalation

As oil derivatives and futures contracts navigate volatile seas, how are the more prompt physical spot markets reacting to an expected return of Libyan supply amid other regional developments?

Join Joel Hanley in this episode of the Oil Markets podcast as he engages with market experts Luke Stuart, George Delaney, and Joey Daly. They explore the impact of escalating tensions in the Middle East on crude prices in the Mediterranean, West Africa, and North Sea, providing critical insights into current market sentiment and what it means for traders and stakeholders navigating this volatile landscape.

Links:

Dated Brent - PCAAS00

WTI Midland CIF Rotterdam vs Fwd Dated Brent - WMCRB00

Azeri Light CIF Augusta - AAGZX00

CPC Blend CIF Augusta vs BTC Dtd Strip - AAHPL00

Bonny Light FOB Nigeria London vs WAF Dtd Strip - AAGXL00

Med sweet crude market under pressure amid expected return of Libyan barrels (subscriber content)

Azeri Light differential collapses to four-week low as market eyes return of Libyan crude (subscriber content)

Dual narrative emerges for Nigerian crude market as attention turns to Nov cycle (subscriber content)

Ekofisk-WTI Midland spread at eight-month high amid diverging fundamentals (subscriber content)