The oil pricing landscape is facing critical changes as regional activities surrounding established benchmarks are impacting markets on a global scale. Asia’s lower-than-anticipated appetite for crude oil, coupled with the misconception that all production will be dominated by the Middle East, suggests a potential re-emergence of West Texas Intermediate (WTI) as the international price reference.1 […]
Given that oil has a large impact on infrastructure, transportation, and production in most countries, it is no surprise that the availability and price of oil is monitored carefully by many governments and traders worldwide. One aspect of the global oil market that fascinates me is oil price assessments, or average prices for different grades […]