Heavier, sour US crude prices fall on high supply, global demand concerns @ Energy EXCH

Heavier, sour US crude prices fall on high supply, global demand concerns

From blogs.platts.com

Values for heavier, sour crude oil grades available on the US Gulf Coast have dropped as the outlook for global demand deteriorates, production remains strong and the deadline to implement low sulfur standards for marine fuel approaches. The front-month differential for benchmark medium sour crude Mars plunged to WTI plus $2.40/b on June 27, which was its lowest assessed level since August 28, 2018. The Mars differential has recovered slightly in recent days, and was last assessed July 10 at WTI plus $3.65/b. However, Mars and other Gulf Coast sour crudes have been on a downward trajectory since May. The 30-day ... (full story)

- Older Stories
Half year in review: Discoveries up 35% with deepwater leading the way
From rystadenergy.com|Jul 11, 2019
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, ...
British government has raised the security warning for UK-flagged merchant vessels to its highest...
From @LOS_Fisher|Jul 11, 2019|1 comment
tweet at 11:31am: NEW: British government has raised the security warning for UK-flagged merchant vessels to its highest level in Iranian waters Ships are urged to avoid travel through Iranian waters after alert raised to Level 3, which signals a serious incident is imminent, at start of the week tweet at 11:35am: UK Does Not Intend To Escort Every British-Flagged Merchant Vessel Through The Straits Of Hormuz - Security Source
Epstein's Elite Wall Street Ties Revealed In Filing
From zerohedge.com|Jul 11, 2019|4 comments
Jeffrey Epstein's wealth has long been a topic of discussion since becoming known as a 'billionaire pedophile' and other similar monickers. Described by prosecuitors this week as ...

- Newer Stories
Barkin: Confidence, Expectations and Implications for Monetary Policy
From richmondfed.org|Jul 11, 2019
Good morning. Thank you very much for inviting me to speak with you today. I’d like to start by telling you a little bit about my background and my perspective. Then I’ll share ...
Bostic: Ruminations on Inflation
From frbatlanta.org|Jul 11, 2019|1 comment
Thank you, Chris. I guess you're assured a kind introduction when it comes from someone who works for you. Thank you all for inviting me to speak. And thanks to the Volcker ...
Powell Confirms July Rate Cut
From blogs.uoregon.edu|Jul 11, 2019|22 comments
Federal Reserve Chairman Jerome Powell yesterday did not use his Congressional testimony to walk back market expectations for easier policy. Instead, he effectively confirmed that ...