Exploring the dynamics of Midland crude supply and Asian demand in the Atlantic market

Oil Markets

High volumes of WTI Midland crude arrived in Europe in December, significantly impacting light sweet sentiment in both the North Sea and West African markets. As we enter the new year, a resurgence of demand from Asia is beginning to reshape the landscape. Joel Hanley is joined by Joey Daly and George Delaney to explore the effects of renewed Asian demand for Western barrels and reflect on a month of record-breaking activity in the Platts North Sea physical Market on Close assessment process.

Links: Dated Brent - PCAAS00 Bonny Light FOB Nigeria London vs WAF Dtd Strip - AAGXL00 Girassol FOB Angola vs Angola Dtd Strip - AASJD00 WTI Midland CIF Rotterdam vs Fwd Dated Brent - WMCRB00

Boost in eastern demand supports North Sea, Angolan crude grade upticks (subscriber content) Midland volumes pressure European sweets in December (subscriber content) London Energy Forum: https://commodityinsights.spglobal.com/LondonEnergy-Forum.html