Home › Forums › Refining Community › Refinery News › WTI Cushing Storage problems distorting Futures Price › Reply To: WTI Cushing Storage problems distorting Futures Price
Here is McGraw/Hill news release about setting a new Sour Marker as alternate to screwed up WTI. After hearing me gripe for years about using sweet WTI/Brent index’s for imported sours – sounds like someone finally got wise! This is something Refiners should really get behind because it will save them lot money in long run & better reflect their actual markets (assuming they do it right). Both Sweet Crude index’s have been way too shallow in both volume & export trade to be a realistic index for decades (actually both have become blends of several sweet crudes just to keep the volume up).