Lasting Brent-WTI spread would end an eternal truth

Eternal truths about the oil market often die young. One of the market’s currently eternal truths holds that a wide spread between the prices of Brent and West Texas Intermediate crude oil won’t last. WTI this year has sold at an unusually persistent discount to Brent of an unusually large $20-25/bbl. For refiners in the US Midcontinent, the spread represents found money. They sell products priced against markers used by everyone else but now can run comparatively cheap feedstock. It’s a big advantage. But when the Brent-WTI spread disappears, the Midcontinent refining advantage will vanish, too. Most observers say that will happen when pipelines open to carry more crude to the Gulf Coast...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected