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Stronger LLS, WTI Midland lift LHS differential
The differential for LHS strengthened week-on-week, as demand for light sweet crudes in the region increased, and the cash differentials for LLS and WTI in Midland, Texas, also increased....Read More »
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ICE Brent speculative net positions surge as NYMEX WTI hits two-year lows
Speculative activity in ICE Brent and NYMEX WTI crude oil futures
positions have continued to diverge, as ICE Brent spiked to a 10-week high
while NYMEX crude futures fell for a fifth-consecutive week to a
more-than-two-year low, the most recent Commitment of Traders reports from
both exchange's published Friday and Monday showed.
Iraq, IOCs eye changes in oil contracts to mitigate impact of falling crude
Iraq's Oil Ministry and international oil companies are moving toward a
shared vision on contract changes that will mitigate the impact of low oil
prices and increase profits but will not be production sharing contracts,
Iraqi oil minister Adil Abd al-Mahdi said on Sunday.
Singapore gasoline tops gasoil as most lucrative for first time in 5 years
Singapore gasoline has pushed past gasoil to become the most lucrative
product of the barrel for the first time in five years as diesel -- a
long-time favorite among refiners that is slowly losing its luster --
struggled to pick up pace due to ample supply coming on stream from greenfield
refineries in the Middle East, Platts data showed Monday, March 30.