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Reply To: WTI Cushing Storage problems distorting Futures Price

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#6203

Charles Randall
Participant

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).

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