The premium for Brent Crude prices to Dubai crude has evaporated in recent weeks and has swung to a discount as Middle East oil availability has shrunk with OPEC+ and Saudi production cuts. This dramatic shift in the usual trading pattern could change global oil flows and prompt Brent-linked barrels to sell more easily on the Asian markets. The spread between swaps for London’s Brent and Middle East’s Dubai crude has now turned into a discount of $1.60 a barrel on Monday, per data from brokerage PMV cited by Bloomberg.…
Hence then, the article about dramatic shift in brent dubai spread could alter global oil flows was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Dramatic Shift In Brent-Dubai Spread Could Alter Global Oil Flows )