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for Brent
Bakken’s Inevitable Downturn Means More Dependence on West African Imports
While output in the Bakken has held up relatively well, it is set for a dramatic decline, making East Coast refineries further dependent on imports.
Evolving the World’s Oil Markets
Intercontinental Exchange's Brent and Gasoil futures have retained their roles as the world’s crude and refined oil benchmarks because they have evolved in line with the physical markets over the course of the last three decades.
Citi Analyst: No Market Rationale for U.S. Crude Exports
Kleinman: There’s no market rationale for U.S. crude exports, now that the Atlantic basin is glutted with supply and the differential between U.S. and global oil prices has narrowed.
Five Reasons OPEC Might Cut Production in 2016
While the cartel may in fact hold steady throughout 2016 and ride out the low-price environment, there are still reasons we could see an OPEC cut next year.
Low Prices Accelerate Decline of North Sea Crude Oil Production
Low oil prices have accelerated the decline of North Sea crude oil production. As companies decommission their fields, those that remain are shouldered with increasing costs and pressure to exit.
China’s New Crude Benchmark Will Flourish, Undermining Brent and WTI
China is poised to establish the world’s third crude futures benchmark, a logical step given the country’s growing importance in the oil markets and its determination to flex its economic muscle on a global scale.
WTI Prices Will Once Again Overtake Brent. Here’s Why
WTI's discount to Brent has held steady as of late around $4-$5 per barrel, and remains around that level far out on both futures curves. But shifting dynamics in the U.S. market, mostly declining output and strong demand growth, are likely to lift WTI back to a premium over European marker Brent.
Norway Hit Hard by Low Oil Price, Outlook Remains Bright
Norway, which produces just under 2 million barrels per day (mbd), is not experiencing the social and political turmoil seen in Iraq, Venezuela or Russia, but it is still taking major hits from the precipitous drop in prices as a result of oil’s integral role in the country’s economy.
The Long Decline of the World’s Largest Oil Fields
A look at some of the world's largest oil fields, that are now a shadow of their former selves.