Gasoline price hike far from certain if US exports crude

02/14/2014
Recent price history weakens an argument against easing US restriction of the export of crude oil. The argument says exports above minor amounts now allowed would raise the benchmark US crude price. Under current conditions, that’s probably so. The domestic marker, West Texas Intermediate, is selling at a discount to its international counterpart, Brent Blend, with which it once traded at near equivalence. The WTI discount appeared in the first half of 2011 and has persisted except for a brief period in the middle of last year. A reason for the discount is surging North American supply from tight oil plays and the Canadian oil sands. Surpluses have developed at key market centers—first at...
read-story

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